Exceptional profit for SIX

Switzerland’s SIX says it posted record profits in 2015. The income from the sale of the shares in the joint ventures STOXX and Indexium boosted earnings before interest and tax (EBIT) by CHF 464.3 million to CHF 762.9 million and net profit by 188.7 percent to CHF 713.7 million.

Adjusted for the contribution to earnings accounted by both in 2014 and 2015, EBIT increased by 7.8 percent to CHF 286.1 million, and the EBIT margin climbed from 14.8 percent to 15.8 percent.

Swiss Exchange and Securities Services saw a significant jump in revenue – up 3.0 percent and 8.0 percent respectively – on the back of the volatility on the stock markets and historically high trading activity triggered by the removal of the EUR/CHF floor by the Swiss National Bank (SNB).