Press release: Leonteq expects to generate record profits for the first half of 2021
EQS Group-Ad-hoc: Leonteq AG / Key word(s): Profit Warning PRESS RELEASE | LEONTEQ EXPECTS TO GENERATE RECORD PROFITS FOR THE FIRST HALF OF 2021 Leonteq AG (SIX: LEON) announced today that it expects to generate record profits for the first half of 2021 and its capital base to reach the CHF 800 million area by end-June 2021. Following a strong start to the year 2021, Leonteq continued to register high levels of client activity across its increasingly diversified business and achieved strong fee income in the year to date. Furthermore, Leonteq continued to focus on disciplined risk management and recorded a substantial positive net trading result in a favourable market environment in the same period. As a result, Leonteq expects to generate record profits[1] for the first half of 2021 and its capital base[2] to reach the CHF 800 million area[3] by end-June 2021 (previous guidance: end-December 2021). Leonteq will publish its half-year 2021 results on 22 July 2021. CONTACT Investor Relations LEONTEQ DISCLAIMER 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 |
1207700 15-Jun-2021 CET/CEST