News and Media - annual-report

Leonteq reports full-year 2013 results

[ annual-report | investor-relations ]

Leonteq delivered strong results for the financial year 2013, reflecting increased client activity, a positive environment for yield enhancement products, and encouraging business developments especially in the Asia and the EU regions. The firm recorded total operating income of CHF 158.4 million on turnover of CHF 15.7 billion in 2013, representing an increase of 24% and 30% respectively compared to 2012. Cost-income ratio improved by 10pp to 73%. Group net profit rose 89% to CHF 38.8 million. Leonteq continued to invest into its proprietary IT and investment service platform and also made further progress in the implementation of its core white-labeling strategy, as demonstrated by the increased contribution of its white-labeling partners to the firm’s total operating income (up 20pp to 44%), and the reduction in costs per issued product (down 15%). The board of directors will propose a shareholder distribution of CHF 2 (2012: CHF 1) per share at its annual general meeting. Leonteq is optimistic for the further development of its business but remains mindful of potential challenges given the fragile economic and regulatory environment. In the pursuit of its white-labeling strategy, the company has signed a letter of intent with a larger institution in Asia. Furthermore, Leonteq has started a white-labeling partnership with Lugano-based Cornèr Bank with a potential of CHF 150 million additional outstanding volume per year.

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EFG Financial Products 2012 full-year results

[ annual-report | efgfp | investor-relations ]

EFG Financial Products Holding AG recorded total operating income of CHF 127.8 million on increased turnover of CHF 12.1 billion for the twelve months ended December 31, 2012. Group net profit reached CHF 20.5 million in 2012, representing a 56 % increase year-onyear. In 2012 the company also made significant progress in the implementation of its strategy, including the addition of a new white-labeling partner in June 2012 and its successful IPO in October 2012. The board of directors of EFG Financial Products will propose a shareholder distribution, in line with its dividend policy, of CHF 1 per share at its annual general meeting in April 2013. The company had a good start in 2013 and expects to further strengthen its profitability this year. Outstanding volume of structured investment products issued under EFG Financial Products’ stand-alone credit risk reached approx. CHF 1 billion by early February, 2013.

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