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Investing.com -- Swissquote Group Holding on Thursday raised its 2025 guidance after reporting first-half revenue ahead of expectations and record net new money inflows.
The Swiss banking group now forecasts full-year net revenues of about CHF700 million, up from CHF675 million, and pre-tax profit of about CHF365 million, up from CHF355 million.
Both updated targets are 2% above consensus, with the revenue outlook including an additional CHF10 million contribution from its Yuh unit in the second half.
First-half net revenues came in at about CHF358 million, 4% higher than consensus of CHF344 million.
Pre-tax profit was CHF185 million, in line with expectations. The pre-tax profit margin narrowed to 51.7%, below the 53.9% consensus and down from 53.5% a year earlier, due to reduced contributions from interest and crypto income and higher staffing costs.
Client assets totaled CHF80.4 billion, 1% above consensus of CHF79.6 billion. Net new money reached CHF5.2 billion, exceeding expectations of CHF3.4 billion, and the number of accounts increased 16% year over year to 708,000.
The firm reported a capital ratio of 27.4% for the period, while the minimum requirement will rise from 11.2% to 12% going forward.
Swissquote shares closed at CHF539 on the prior trading day, valuing the company at CHF8 billion ($9.9 billion).