Brief: Leonteq: Reached Settlement In Legacy Litigation Matter, Changes Outlook

Leonteq AG

27/12/2022 06:05

Dec 27 (Reuters) - Leonteq AG  LEON.S :
    * LEONTEQ REACHES SETTLEMENT IN PREVIOUSLY DISCLOSED LEGACY
LITIGATION MATTER AND PROVIDES BUSINESS UPDATE
    * SETTLEMENT HAS BEEN REACHED IN RESPECT OF PREVIOUSLY
DISCLOSED
CIVIL PROCEEDINGS BROUGHT IN ENGLISH COMMERCIAL COURT BY UTMOST
INTERNATIONAL ISLE OF MAN LIMITED AND UTMOST PANEUROPE DAC
    * LEONTEQ EXPECTS TO REPORT A GROUP NET PROFIT FOR 2022 IN
AREA OF
PRIOR-YEAR RECORD RESULT OF CHF 155.7 MILLION, EQUIVALENT TO EPS
OF CHF 8.47
    * PREVIOUS GUIDANCE WAS TO EXCEED PRIOR YEAR'S GROUP NET
PROFIT

Source text for Eikon:  ID:nEQ29ZPfba 
Further company coverage:  LEON.S 
 ((frankfurt.newsroom@thomsonreuters.com;))