Swissquote's Profits Will Exceed CHF 185 Million In 2022, As Expected

Swissquote is the country's major supplier of online financial transaction services.

Swissquote has published its annual trade report for the fiscal year ending December 31, 2022. According to the study, the company's business performance in 2022 was in accordance with its expectations.

Swissquote recorded net sales of CHF 200 million in the first half of 2022, compared to CHF 264.4 million in the same time the previous year, a fall of 24.4% year on year. Total operating income for the first half of the year was CHF 204.8 million, a decrease of 23.1% year on year. Profit before taxes, on the other hand, decreased by 32.7%.

The company's net income in 2022 will surpass 400 million Swiss francs, and its pre-tax profit will be at least 185 million Swiss francs. Customers' assets totaled 52.2 billion Swiss francs.

“The varied sources of income and a bigger percentage of non-transaction based revenues have helped Swissquote to navigate successfully in a tough market climate,” the firm says.

About Swissquote Ltd

Swissquote Ltd London is a subsidiary of Swissquote Bank, Switzerland's largest supplier of online trading services. The firm provides trading in a variety of financial assets, including FX, equities, commodities, and cryptocurrencies. Swissquote Ltd London is licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which means it must follow stringent laws and regulations to safeguard its clients' money and the integrity of the financial markets. Retail and institutional traders, as well as asset managers and financial advisors, are the primary customers for the company's services.

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