Swissquote Confirms Record Growth in 2021, Operating Revenues Climb 49% YoY

Swissquote, a Switzerland-based online financial services provider, confirmed its record growth in 2021 today, with a substantial YoY jump in operating revenues. In its recent annual results, the company reported operating revenues of CHF 479.6 million, which is 49% higher compared to 2020.

Moreover, net revenues and pre-tax profit saw a sharp surge during the mentioned period. Swissquote recently published its guidance for 2022 and a medium-term outlook for 2025. After experiencing solid customer growth during the first two months of this year, the Swiss company is expecting net revenues of CHF 475 million in 2022.

In terms of medium-term targets, the company expects net revenues and pre-tax profit at CHF 750 million and CHF 350 million, respectively in 2025.

“Profitability, with a pre-tax profit margin of 47.3 percent, increased strongly thanks to higher trading volumes and more customer accounts (+77,599). With organic net new money inflow hitting a record high of CHF 9.6 billion, client assets grew to CHF 55.9 billion. The Board of Directors will propose at the Annual General Meeting that the dividend be increased by 46.7 percent from CHF 1.50 to CHF 2.20 per share,” Swissquote noted.

Organizational Changes

In addition to strong financial results and solid guidance, Swissquote announced some organizational changes. The financial services provider mentioned that Demetra Kalogerou, the former Executive Chairwoman of the Cyprus Securities and Exchange Commission (CySEC), will be proposed to the Board of Directors as an additional member. Additionally, Paolo Buzzi will be proposed as a new member of the Board of Directors at the next Annual General Meeting.

“With the proposed candidates, we are significantly strengthening our Board of Directors and are pursuing Swissquote’s growth story. In addition to this, we warmly thank Martin Naville for his significant contribution to the company over the last 15 years,” Markus Dennler, the Chairman of the Board of Directors, commented.