Leonteq AG (SIX: LEON), an independent expert of structured investment products and long-term savings and retirement solutions, announced today that it expects to generate a significantly increased pre-tax profit in the region of CHF 90 million for the full year 2018. This reflects an expected year-on-year increase in revenues and slightly higher costs compared to previous guidance.
In the second half of 2018 to date, Leonteq recorded a slight decrease in net fee income following lower client activity, compared to the same period of last year. At the same time, net trading result increased significantly on the back of higher market volatility in recent months.
Total operating expenses for the full year 2018 are expected to be slightly above the cost guidance of CHF 185 million communicated with the first half-year results.
Overall, pre-tax profit is expected to be in the region of CHF 90 million for the full year 2018, compared to CHF 23.3 million in 2017. Leonteq's financial targets for 2020 remain unchanged. Leonteq will publish its audited full-year 2018 results on 7 February 2019.
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Leonteq AG published this content on 20 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 December 2018 06:09:08 UTC
Leonteq AG, formerly EFG Financial Products Holding AG, is a Switzerland-based independent technology and service provider for investment solutions. It has offices located in Zurich, Geneva, Monaco, Guernsey, Frankfurt, Paris, Amsterdam, London, Singapore and Hong Kong. The Company acts as an outsourcing partner for various services covering the entire life-cycle of structured investment products. Its technology and investment services platform provides an integrated and automated market place connecting the sell-side with the buy-side. On the sell-side, the Company manufactures structured investment products and unit-linked life insurance policies on the balance sheet of its platform partners. On the buy-side, it sells products via distribution partners.
LEONTEQ AG 
