Brief: Leonteq Expects Profit Before Taxes In Range Of CHF 70-100 Mln For 2023

Leonteq AG

09/02/2023 05:51

Feb 9 (Reuters) - Leonteq Ag  LEON.S :
    * PRESS RELEASE: LEONTEQ PUBLISHES FULL-YEAR 2022 RESULTS
    * FY NET PROFIT 156.4 MILLION CHF
    * FY PRETAX PROFIT ROSE 11 PERCENT TO 193.3 MILLION CHF
    * FY EARNINGS PER SHARE ROSE 1 PERCENT TO 8.58 CHF
    * FY TOTAL OPERATING INCOME UP 9% YEAR ON YEAR TO CHF 456.4
MILLION
    * LEONTEQ EXPECTS PROFIT BEFORE TAXES IN RANGE OF CHF 70-100
MILLION FOR 2023
    * MARCO AMATO TO STEP DOWN AS DEPUTY CEO & CFO BY END-AUGUST
2023
    * FY PROFIT BEFORE TAXES INCREASED BY 11% YEAR ON YEAR TO
CHF
193.3 MILLION
    * FROM FINANCIAL YEAR 2023 ONWARDS, LEONTEQ WILL CONTINUE TO
TARGET A PAYOUT RATIO OF MORE THAN 50% OF GROUP NET PROFITS
    * LEONTEQ- SHARE BUYBACK PROGRAMME FOR FINANCIAL YEAR 2022
IS
EXPECTED TO BE LAUNCHED AT BEGINNING OF APRIL 2023 AND TO RUN
UNTIL END OF DECEMBER 2023
    * PLANS TO INCREASE ITS ANNUAL INVESTMENTS IN KEY GROWTH
INITIATIVES BY AROUND 50% TO APPROXIMATELY CHF 32 MILLION IN
2023

Source text for Eikon:  ID:nEQ6RKplHa 
Further company coverage:  LEON.S 
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