SIA Sees Strong Revenue and Profit Gains in 2013

Financial technology infrastructure provider SIA saw revenues increase by 9.2% in 2013, with net profit shooting up 18.3%
By Jake Safane(2147484770)
Financial technology infrastructure provider SIA saw revenues increase by 9.2% in 2013, with net profit shooting up 18.3%

In particular, the STEP2 pan-European technology platform managed by SIA on behalf of EBA Clearing had a very successful year, with payments on the platform rising 113% to over 1.6 billion payments for the year.

SIA also saw significant growth in volumes for its capital markets group, in which SIA supplies technology to market providers such as the London Stock Exchange. For 2013, volumes for trading and post-trading transactions for these markets reached a total of 28.6 billion, a 24.8% jump from 2012.

“The 2013 results confirm that we are moving in the right direction and the three-year plan closes with
figures that bear witness to SIA’s increased ability to compete also at international level,” says Massimo Arrighetti, CEO of SIA, referring to the company’s 2011-2013 Strategic Plan. “The 2014-2016 Industrial Plan will see our commitment to growth in an advanced technology sector that is ever more complex and delicate, where development is based on the reliability and security of the services provided.”

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