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Leonteq AG / Key word(s): Profit Warning/Change in Forecast
PRESS RELEASE | LEONTEQ RAISES FULL-YEAR 2021 PROFIT OUTLOOK
Zurich, 15 November 2021 | Ad hoc announcement pursuant to Art. 35 LR
Leonteq AG (SIX: LEON) announced today that it raises its full-year 2021 profit outlook to CHF 140-160 million.
Following a record performance in the first half-year 2021, Leonteq continued to develop strongly in the second half of the year to date, with an above average performance during the summer period. At the same time, Leonteq registered solid levels of client activity across its increasingly diversified business and continued to focus on disciplined risk management in a benign market environment.
Leonteq thus expects to report solid growth in its net fee income and a significant increase in its net trading result for the second half of 2021 compared to the second half of 2020. As a result, Leonteq raises its full-year 2021 outlook for Group net profit to a range of CHF 140-160 million (previous guidance: more than CHF 100 million).
Leonteq will publish its full-year 2021 results on 10 February 2022.
This press release may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "target" "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. In addition, currently, it is very difficult to provide a meaningful prediction on how the governmental actions in response to the ongoing outbreak of a novel coronavirus disease (COVID-19) and other COVID-19 related factors will affect Leonteq's operations and how long such measures will remain in place. The COVID-19 outbreak has caused, and may continue to cause, uncertainty, economic instability and a significant decrease of total economic output in the affected areas and globally. The impact of the COVID-19 outbreak on the general economic environment in the markets in which Leonteq operates remain uncertain and could be significant. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation.
End of ad hoc announcement