Press Release: Leonteq provides business update

PRESS RELEASE | LEONTEQ PROVIDES BUSINESS UPDATE

Zurich, 26 June 2023 | Ad hoc announcement pursuant to Art. 53 LR

Leonteq AG (SIX: LEON) announced today that it expects to report profit before taxes between CHF 20-30 million for the first half of 2023. Whilst Leonteqs client franchise remained strong in the year-to-date 2023 with a slight increase in net fee income year-on-year, net trading result was subdued primarily driven by reduced levels of market volatility. As a result, Leonteq revises its full-year 2023 outlook for profit before taxes to CHF 40-70 million.

Despite the continued challenging market environment in the year-to-date 2023, Leonteqs client franchise remained strong with a slight increase in net fee income year-over-year. The Group further recorded relatively stable platform assets and turnover year-on-year.

The year-to-date 2023 was further characterised by material lower levels of market volatility, continued inflationary pressure and corresponding interest rate hikes. Against this backdrop, Leonteq recorded a normalised net trading result with limited but positive contributions from its hedging and treasury activities. This compared to a very strong performance in the prior-year period which benefited from unprecedented market conditions.

As a result of these factors, Leonteq expects to report profit before taxes between CHF 20-30 million for the first half of 2023 and group net profits that will be slightly higher than this due to positive tax effects. Furthermore, Leonteq revises its full-year 2023 outlook for profit before taxes to CHF 40-70 million (previous guidance: CHF 70-100 million).

CONTACT

Media Relations 
+41 58 800 1844
media@leonteq.com

Investor Relations
+41 58 800 1855
investorrelations@leonteq.com

LEONTEQ

Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 13 countries across Europe, Middle East and Asia. Leonteq AG is listed on the SIX Swiss Exchange (SIX: LEON).

www.leonteq.com

DISCLAIMER

This press release issued by Leonteq AG (the Company) serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law.

This press release may contain specific forward-looking statements, e.g. statements including terms like believe, assume, expect, "target" forecast, project, may, could, might, will or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation.