SIX’s Operating Income Jumps 19.5% in H1 2021

SIX Group, a provider of financial market infrastructure services, today released its financial results for H1 of 2021. The group reported strong growth in operating income.

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According to the released numbers, SIX’s operating income reached CHF 745.8 million in the first six month of the year, up 19.5% compared to the same period in 2020. This can mainly be attributed to the fact that, following the takeover of BME by SIX​, BME’s contribution was incorporated in the income statement only as of June 2020. This year, BME’s contribution is reflected in full.

Despite a solid operating result, group net profit fell 42.3% year-on-year to CHF 108.2 million, this was above all due to the substantial contribution from investments in the previous year.

Additionally, earnings before interest, tax, depreciation and amortization (EBITDA) amounted to CHF 226.1 million, which is 49.2% higher compared to the last year. And earnings before interest and tax (EBIT) came to CHF 153.8 million, a 28.8% decline compared to the same period in 2020.

“SIX will continue to pursue its strategy of growth, and invest in boosting its volumes, range and productivity,”the company stated.”In the second half of the year, the focus will now be on implementing further synergy potential, such as platform consolidation. This lays the technological foundation for the future trading platforms of both domestic markets.”