SIX bullish on growth prospects

Source: SIX Group

Operating income up 8.9% in the 2013 financial year to CHF 1,582.7 SIX million. All business areas contributed to this growth, particularly international transactions in the Payment Services business area.

Adjusted for the proceeds from the sale of the Eurex holding in the previous year, EBIT increased by 38.4% to CHF 244.6 million. The EBIT margin was 15.5%
Group net profit of CHF 210.2 million was up 45.5%, excluding the sales proceeds from the Eurex holding in the previous year.
Consistent focus on client satisfaction and boosting business volumes
SIX is reporting in accordance with the International Financial Reporting Standards (IFRS) for the first time. The previous year's figures have been adjusted for the purposes of comparison

"2013 was an excellent financial year for SIX", says Urs Rüegsegger, Group CEO SIX. "We achieved growth in all business areas and increased our profitability. It is clear that the strong result is attributable not only to the positive market environment but also to the consistent orientation of our service offering, and of our organization as a whole, towards national and international client requirements, together with a high level of cost discipline. This enabled us to reap the benefits of our strategy and the large number of associated measures we have implemented in recent years."

SIX markedly improved its operating profit in the 2013 financial year. This was partly attributable to increased activity on the financial markets and an expansion in international business, primarily in the Payment Services business area. Operating income rose by 8.9% to CHF 1,582.7 million, of which 29.2% (previous year: 25.8%) was generated outside Switzerland. Thanks to the ongoing optimization of operating costs and a high level of cost discipline, operating expenses rose by 4.4%, which was proportionally less than growth. At CHF 196.2 million, operating profit was 56.2% higher than in the previous year.

Earnings before interest and tax (EBIT) came to CHF 244.6 million. Adjusted for net income of CHF 266.0 million from the sale of Eurex in the previous year, EBIT rose by 38.4% or CHF 67.9 million. The EBIT margin was 15.5%.

The GrThe Group net profit for 2013 is CHF 210.2 million (CHF 410.4 million in the previous year), which represents a decline of CHF 200.2 million. Compared with the previous year, after adjustment for the net income of CHF 266.0 million from the sale of Eurex, the increase in the Group net profit for 2013 was a pleasing CHF 65.7 million, or 45.5%. The loss of the contribution to profits of the Eurex holding, which was sold in 2012, was therefore largely compensated.

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