Press release: Leonteq expects record profit in H1 2022 | News

Leonteq AG / Keywords: Earnings Warning
Media Announcement: Leonteq Expects Record Profit In H1 2022

06/03/2022 / 07:00 CET / CEST
Publication of an ad hoc advertisement in accordance with Art. 53 of the CoR
The issuer / publisher is responsible for the content of the application.


Zurich, June 3, 2022 | Ad hoc notification pursuant to Art. 53 of the CoR

Leonteq AG (SIX: LEON) expects profits to increase significantly in the first half of 2022, thanks to strong trading results and record consolidated profit in excess of CHF 110 million.

After a very strong start to 2022, Leonteq continued to focus on disciplined risk management and saw a very significant increase in trading revenues over the past year compared to the same period last year. This development reflects unprecedented market conditions characterized by higher overall market volatility, including the exceptional price volatility of some large-cap companies due to the release of Q4 2021 and Q1 2022 results.

During this time of generally tough market environment for investors, Leonteq saw lower client activity in most regions, resulting in a significant decline in commission and fee income compared to the same period in 2021.

In addition, the group’s income taxes are expected to be significantly higher than the previous year’s level due to the current trading result.

Based on these factors, Leonteq expects significant growth in operating revenues and a record net profit of more than CHF 110 million in the first half of 2022, an increase of more than 50% compared to CHF 74.4 million in the same period last year.

Leonteq will publish H1 2022 results on July 21, 2022.

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Leonteq is a Swiss fintech company with a leading market for structured investment solutions. Based on modern technology developed in-house, Leonteq offers derivative investment products and services and mainly covers the product classes of capital protection, profit optimization and participation. Leonteq acts as a direct issuer of its own products and as a partner of other financial institutions. In addition, Leonteq supports insurance companies and banks in the production of capital-efficient unit-linked pension products with guarantees. The company has offices and branches in 13 countries in over 50 markets. Leonteq AG is listed on the SIX Swiss Exchange.

This press release from Leonteq AG (the Company) is for information purposes only and is not research. This press release and all materials, documents and information used or disseminated in it in the context of this press release do not constitute or constitute part of and should not be construed as an offer (public or private) to sell or solicitation of an offer (public or private) to the purchase or subscription of stocks or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or the solicitation of an investment activity in any jurisdiction and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person to whom the release of the press release is restricted or prohibited by law, or sent to countries, or distributed to or from countries to, in or from which it is restricted or prohibited by law.

This press release may contain certain forward-looking statements such as, for example, to believe, assume, expect, make a “target” forecast, design, may, may, may, will, or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could result in material differences between the actual results, financial condition, development or performance of the Company or any of its affiliates or subsidiaries and those which are expressly or implicitly implied in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) stock market movements, exchange rates and interest rates, and (3) other risks and uncertainties related to our business. In addition, it is currently very difficult to make a meaningful prediction of how government responses to the ongoing epidemic of the novel coronavirus (COVID-19) and other COVID-19 factors will affect Leonteq’s operations and how long such measures will remain in place. The COVID-19 outbreak has caused and may continue to cause uncertainty, economic instability and a significant decline in total economic production in the affected areas and around the world. The impact of the COVID-19 outbreak on the overall economic environment in the markets in which Leonteq operates remains uncertain and could be significant. In light of these uncertainties, forward-looking statements should not be relied upon. Neither the Company, nor any of its affiliates or subsidiaries, nor their respective bodies, officers, employees and advisers shall be responsible for the preparation or dissemination of any additions, corrections, updates or corrections to any information, opinions or forward-looking statements contained in this press releases or to adapt them to any changes to events, conditions or circumstances, except as required by applicable law or regulation.

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