SIX closed 2022 with solid results on the back of challenging market conditions. The Group achieved an operating income of CHF 1.5 billion, representing a growth of 2.1% at constant currencies. EBITDA at constant currencies was down by 0.9% with a margin at 26.6%, while EBIT increased by 65.7% in reporting currency. Group net profit also rose, reaching CHF 185.0 million.
With the integration of BME and the growth of the international business, SIX has expanded its global presence. This resulted in a higher exchange rate exposure, especially between the Swiss franc and the euro. The weakening of foreign currencies versus the Swiss franc in 2022 had a negative effect on the results of SIX. Moreover, the increase in interest rates in the second half of the year had an impact on SIX, particularly on the post-trading and banking services business. Despite this challenging environment, SIX successfully grew the business in three of four business units at constant exchange rates.