SIX Group reported its financial results for H1 of 2021 today. The operator posted strong growth in earnings before interest, tax, depreciation, amortization (EBITDA) and operating income.
According to the results, SIX generated an operating income of CHF 745.8 Million during the first half of 2021, which is 19.5% higher than the same period in 2020. The Group’s net profit reached CHF 108.2 million in the last six months.
SIX posted earnings before interest, tax, depreciation and amortization (EBITDA) of 226.1 million, which is 49.2% higher than H1 of 2020. The Group’s earnings before interest and tax (EBIT) stood at 153.8 million in the last six months.
“In a global situation that remains challenging and is still impacted by the COVID-19 pandemic, SIX generated operating income of CHF 745.8 million in the first half of 2021. This is a year-on-year increase of 19.5%, which can mainly be attributed to the fact that, following the takeover of BME by SIX, BME’s contribution was incorporated in the income statement only as of June 2020. This year, BME’s contribution is reflected in full,” SIX mentioned in the announcement.
Earlier this month, SIX introduced a new dedicated segment for small and medium enterprises (SMEs) to facilitate their growth in Switzerland.
ETPs
In addition to the latest jump in operating income, SIX Group saw substantial growth in exchange-traded products as several crypto companies around the world launched Bitcoin and Ethereum ETPs on SIX. In January 2021, ETC Group joined SIX to issue a Bitcoin ETP. Additionally, in June 2021, VanEck, a New York-based investment management firm, listed cryptocurrency ETPs on SIX.
“In the first half of the year, 40 exchange-traded products (ETPs) with Cryptocurrencies as underlying were launched on the Swiss stock exchange, including the world's first ETPs to be based on the cryptocurrencies Cardano, Stellar, Polkadot and Solana. Crypto products with a total value of around CHF 4.8 billion have already been traded since the start of the year. This represents an increase of more than 300% compared to the whole of the previous year,” SIX added.
