Annual Media Conference 2010
SIX Group further expanded its international business, increased its operating capabilities and expedited integration processes in 2009. The Group posted a good operating result in view of the difficult market conditions that prevailed through the year. Declining turnovers on the stock exchanges, low interest rates and price cuts in favor of customers had an adverse impact on the result. So did value adjustments on assets of the International Securities Exchange (ISE), acquired by Eurex in 2007. Despite higher turnover volumes from the payment transaction business, operating income decreased by 7.0% to CHF 1'252.9 million year-on-year. The Group's net income fell by 28% to CHF 220.3 million. However, factoring out value adjustments and price cuts, the Group's profit lies in the region of the year-back figure.