Annual Media Conference 2011
SIX Group continued to expand its international business in 2010, performing well in highly competitive markets. However, the Group's positive operating result was somewhat clouded by the euro's sharp decline against the Swiss franc and lower average interest rates. Customers were able to benefit from substantial price reductions throughout the year. Operating income was broadly in line with the prior-year figure at CHF 1'220.5 million; calculated in local currencies, this would actually correspond to a 6.0% increase. Group net income fell to CHF 173.6 million, a year-on-year decline of 21.2%. This was largely due to significantly lower income from financial investments and a value adjustment on assets of Eurex subsidiary ISE (International Securities Exchange).