Strong year 2023 with net revenues, pre-tax profit and client assets at record levels. Heading to 2024 with positive momentum.
Despite a challenging environment, Swissquote achieved stronger results than ever with net revenues of CHF 531.4 million, a pre-tax profit of CHF 255.4 million and client assets reaching CHF 58.0 billion in 2023. During this period, Swissquote diversified its revenue streams not only by expanding beyond transaction-based earnings, but also by growing its revenues from international clients in Europe, Asia and the Middle East. For the first time, non-transaction-based revenues (58%) exceeded transaction-based revenues (42%) and internationally located customers represented a bigger share of net revenues than Swiss residents (51% and 49%, respectively). Looking ahead, Swissquote expects to continue to grow in 2024, and is confirming its pre-tax profit target for 2025 (CHF 350 million). The Board of Directors is proposing a dividend of CHF 4.30 per share.