Given the challenging economic environment, SIX can look back on a good first half of 2016. Compared to last year, operating income, EBIT and Group net profit all rose. This improvement was partly the result of extraordinary proceeds from the sale of real estate but was also driven by the successful implementation of strategy. Turnover increased in all business areas except Swiss Exchange. In combination with ongoing cost discipline, this made for a further improvement in profitability. The diversified business model, which makes the company less dependent on specific business areas and markets, enabled a good result to be recorded despite the weak securities business.
read more...↧