Brief: Leonteq AG: Revises Its Outlook And Provides Business Update

Leonteq AG

01/12/2023 06:04

Dec 1 (Reuters) - Leonteq AG  LEON.S :
    * LEONTEQ REVISES ITS OUTLOOK AND PROVIDES BUSINESS UPDATE
    * GROUP NET PROFIT IN RANGE OF CHF 10-20 MILLION EXPECTED
FOR
FULL-YEAR 2023
    * SOLID CLIENT FRANCHISE WITH GROWTH IN ISSUED PRODUCTS
(+34%) AND
CLIENT TRANSACTIONS (+12%)
    * TURNOVER AND NET FEE INCOME RELATIVELY STABLE YEAR-ON-YEAR
DUE
TO LOWER AVERAGE TICKET SIZES
    * NET TRADING RESULT POSITIVE BUT SIGNIFICANTLY LOWER
YEAR-ON-YEAR
MAINLY DUE TO DECREASE IN MARKET VOLATILITY
    * ABOVE AVERAGE INVESTMENTS IN KEY STRATEGIC INITIATIVES
IMPACTING
COST BASE AS COMMUNICATED

Further company coverage:  LEON.S 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))