SIX Swiss exchange sees profit plunge at mid-year

Swiss stock exchange operator SIX had to absorb a further setback to its stake in France’s Worldline in the first six months of the year, causing its profits to fall sharply. +Get the most important news from Switzerland in your inbox Operating income rose by 4% to CHF823 million ($1 billion), SIX reported on Monday. At constant exchange rates, the increase was 4.7%. Gross operating profit (Ebitda) stabilised at CHF234 million, excluding transformation programme costs estimated at CHF31 million The latter corresponds in particular to one-off personnel and IT infrastructure costs. The Zurich-based group took a further impairment charge of CHF69.3 million on its 10.5% stake in the French payment and transaction specialist Worldline. Net profit was slashed by 64% to CHF42.2 million. Excluding adjustments on holdings, SIX calculated a net profit of CHF111.5 million (-4%). Adapted from German by DeepL/jdp How we work We select the most relevant news for an international audience and use ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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