Record earnings and profits for Leonteq in the first half of 2021. Results that can be attributed to high client activity, disciplined risk management and targeted strategy implementation. Record net income reached 74.4 million Swiss francs (CHF) in the first half of 2021, compared to 5.5 million in the same period of the previous year (earnings per share of 4.04 CHF vs 0.29 CHF).
Overall, Leonteq’s operating income increased CHF 205.8 million, almost doubling compared to the first half of 2020. Net assets as of June 30, 2021 were CHF 800.2 million, which means the company reached its basic capital target (in the order of 800 million CHF) six months before the outlook released on 11 February 2021. Leonteq has achieved greater diversification of revenues.
Looking ahead, Leonteq will increase its annual investments in existing and new growth initiatives while further securing its profitability. Additionally, the company expects performance to normalize in the second half of 2021. This is usually characterized by a slower summer period, followed by an increase in customer demand starting in September. For the full year 2021, Leonteq is aiming for a consolidated profit of more than CHF 100 million.
Finally, the dividend policy confirmed with the distribution of a coupon of CHF 0.75 per share for the 2021 financial year. Starting from the 2022 financial year, the transition to a progressive dividend policy with a payout ratio higher than 50% is envisaged. of consolidated profit.