Higher Trading Volumes Have Positive Effect on SIX Securities Services in H1

Higher trading volumes in the first half of 2013 had a positive effect on SIX Securities Services.

Due to the higher volumes on international stock exchanges, cross-border settlement transactions increased by 15.6% to 5.1 million. In terms of clearing services, the number of transactions rose by 8.1 million in the first half of the year to 55.8 million. Thanks to rising share prices, the deposit volume was 8.7% higher than the previous year’s value, at CHF 2,788 billion. Operating income rose by 3.7% to CHF 129.3 million, while EBIT increased by 2.2% to CHF 16.9 million.

In the Swiss Exchange business area saw a 12.4% rise in stock exchange trading volume of CHF 540.0 billion in the first half of 2013. At 68%, the average market share in trading with Swiss blue chip stock is slightly above the previous year’s level (67.5%). Operating income rose by 1.3% to CHF 101.1 million, while EBIT increased by 17.8% to CHF 49.1 million.

SIX, which is reporting in line with IFRS standards for the first time, saw its operating income rises 4.3% in the first half of 2013. All business areas contributed to this growth, particularly the international business of Payment Services. The previous year’s figures have been adjusted accordingly for the purposes of comparison.

Earnings before interest and tax (EBIT) amount to CHF 116.6 million (-67.5%). Adjusted by the gain on disposal of the Eurex investment in 2012, EBIT increased 25.2% or CHF 23.5 million compared to the previous year.

Group net profit stands at CHF 93.1 million (-72.3%). Adjusted by the gain on disposal of Eurex, group net profit improved by 31.9% or CHF 22.5 million in comparison with the previous year.