The Swiss structured products and derivatives specialist significantly increased its profit in 2021. High income from the commission and services business helped the result soar.
Leonteq posted profits of 155.7 million francs ($168 million) last year, more than tripling 2020’s result of 39.9 million, the company said Thursday.
Operating income grew 78 percent to 417.8 million francs, mainly driven by high fee and commission income of 306.7 million francs and positive trading income of 112.4 million.
Market recovery boosts profits
During 2020, particularly in the first half, high financial market volatility in the wake of the Corona pandemic caused Leonteq's business to plummet. The ensuing recovery in 2021 helped ensure significantly better results.
Last year's performance will benefit shareholders in the form of a higher dividend of 3.00 francs compared to 0.75 in 2020.
Growth Strategy 2026
The company launched a five-year strategy, including expanding and diversifying its offerings across products, asset classes and issuers. It is also planning investments in digital solutions for clients and expanding these offerings internationally.
Integration of ESG aspects into business activities will also be a focus of the plan, the company said,
