Swissquote posts record net revenues figures in 2019 and exceeds profit forecast

January 15, 2019 - Swissquote (SWX:SQN) the Swiss online bank and broker, has announced today that its expected growth for for 2019 of 5-10% has been achieved.

The initial pre-tax profit forecast for 2019 of CHF 44 million was revised to CHF 48 million in July 2019. The forecast has now been achieved with total net revenues in the order of CHF 230 million and exceeded with a pre-tax profit of CHF 50 million. With record client assets of CHF 32.3 billion and net new money inflows of CHF 4.6 billion, Swissquote states that the company is on track with its targets set for 2022.

The full report for the 2019 financial year will be published on 17 March 2020.