SIX remained on track in 2016, continuing to hold its position in an increasingly challenging market environment, with operating income up 1.5 per cent and operating profit 2.9 per cent higher at CHF287.1 million.
SIX generated earnings before interest and tax (EBIT) of CHF297.1 million and group profit of CHF221.1 million, which was a good result following the strong comparative numbers, enhanced by one-off items, posted the previous year.
SIX says the results demonstrate its diversified business model, rigorous cost discipline and strategy implementation continue to pay off.
After an exceptional year in 2015, when SIX achieved a record result thanks to the sale of its shares in STOXX and Indexium, together with its highest-ever levels of trading activity, SIX generated good results in 2016 on a long-term comparison.
While all other business areas posted growth, less volatility in financial markets impacted the results of Swiss Exchange.
Overall, SIX recorded a 1.5 per cent increase in operating income, while operating profit rose 2.9 per cent to CHF287.1 million. Adjusted for the extraordinary items in 2015 (CHF480.3 million) and 2016 (CHF28.7 million), EBIT was CHF268.4 million, 5.0 per cent below the record posted in the previous year.
SIX has increased EBIT by 73.8 per cent since 2012 after adjustments. At CHF221.1 million (-69.0 per cent versus 2015) group net profit was once again within the long-term trend.
Urs Rüegsegger (pictured), group CEO SIX, says: "SIX held its position in 2016 in an increasingly challenging environment and generated a pleasing result. The environment in which SIX operates will remain challenging, as will the margin and cost pressure. SIX will take these circumstances into account as it continues its growth path. The development and provisioning of new products and services are just as important as continuing our strict cost discipline."
