Sure! Here’s the translation into American English:
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SIX has presented a financial report revealing significant growth across its four business units during 2024, highlighting the effectiveness of its diversified business model. Total operating revenue reached 1.6 billion Swiss francs, showing a year-over-year increase of 4.6% at constant exchange rates and 4% based on reported rates. EBITDA also demonstrated positive performance, rising to 443.7 million Swiss francs, with a 4.8% increase at constant exchange rates and a 3.6% rise in reported terms.
However, net profit was 38.7 million Swiss francs, influenced by a non-cash valuation adjustment of 167.7 million Swiss francs related to its stake in the European payment provider Worldline. Excluding this adjustment, adjusted net profit reached 204.4 million Swiss francs, representing a 12.3% increase compared to the previous year.
In line with its business ambitions, SIX has announced a new three-year program aimed at fostering medium single-digit percentage revenue growth and raising its EBITDA margin from 28% in 2024 to over 40% by 2027. To achieve these goals, the company plans to accelerate its growth strategy, both organic and inorganic, optimizing its business mix and aiming to reduce costs by over 120 million Swiss francs by the end of 2027.
Bjørn Sibbern, CEO of SIX, expressed confidence that the company’s strong foundation will enable it to accelerate growth and improve profitability. This will solidify its position as a leading provider of financial market infrastructure in Europe and expand its offering of high-value data.
SIX’s business units have shown positive results, with areas such as trading and international custody services significantly contributing to revenue. The Exchanges unit generated 338.1 million Swiss francs in operating revenue, reflecting slight year-over-year growth. Meanwhile, Securities Services benefited from the increase in international custody, reaching revenues of 541.1 million Swiss francs.
The report also highlights IPOs of companies like Puig and Galderma, as well as the launch of new equity and cryptocurrency indices, underscoring the company’s ability to adapt and grow in a competitive environment.
Looking ahead, SIX remains committed to innovation and delivering cost-effective services, despite anticipated economic challenges. The recent acquisition of Aquis, expected to close in the second quarter of 2025, is considered a key event, as it will facilitate the creation of a pan-European exchange that will enhance the company’s presence and service capabilities for clients across various markets.
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via: MiMub in Spanish
