Swiss financial markets operator SWX Group’s net profit in 2006 was CHF 163.9m, an 84% gain on the previous year. This result was achieved thanks to the solid markets and 2005’s optimisation programme. Proceeds increased by 12% to CHF 423.6m with operating costs simultaneously dropping from CHF 253.1m to CHF 207.2m against the previous year.
Earnings before interest and tax increased by 78% to CHF 197.1m, with liquid assets and securities increasing by 41% to CHF 585.5m against the previous year. Due to the trading fee waiver of Q4 2006, proceeds from the spot market barely changed from the year before. Proceeds from data vending rose by 20% to CHF 37.9m, proceeds from the admission division rose by 25% to CHF 24.6m, and proceeds from the Eurex trade rose by 24% to CHF 182.4m. As of 31 December 2006, 424 full-time jobs were occupied compared to 465 the previous year.
"The new figures are due to the fact that the markets are in excellent shape," says Jurg Spillmann, head of the SWX Group executive committee. "They show that the SWX Group is very well positioned. We would like to take this opportunity to thank the market participants for their commitment and cooperation", he adds.