- Swissquote reports record-breaking financial results in 2023, achieving all-time highs in revenue, profit, and client assets.
- Swissquote expands its international presence with the acquisition of South Africa-based Optimatrade Investment Partners.
Swissquote Group Holding Ltd. (SWX:SQN), the leading Swiss online banking and trading provider, today announced record-breaking financial results for the year 2023. The company achieved all-time highs in revenue, profit, and client assets despite a challenging market environment.
Key Financial Highlights:
- Net revenues reached CHF 531.4 million (USD $604 million)
- Pre-tax profit totaled CHF 255.4 million
- Client assets increased to CHF 58.0 billion
- Non-transaction-based revenues surpassed transaction-based revenues for the first time
- International clients now represent a majority of net revenues
- eForex trading volumes averaged $123 billion monthly, up 5% from 2022
Swissquote Group Holding Ltd. also announced the acquisition of Optimatrade Investment Partners (Pty) Ltd, a Cape Town-based financial services provider. This strategic move strengthens Swissquote international presence and positions the company for further growth.
