ZURICH: Swiss inventory change operator SIX reported a lack of 1.01 billion Swiss francs ($1.15 billion) in 2023, after it booked two beforehand flagged non-cash impairments. The group had mentioned in December it will guide a worth adjustment of round 860 million Swiss francs on its 10.5% stake in Worldline reflecting a decline within the funds supplier’s share value. It had additionally flagged a non-cash cost of about 340 million francs in relation to an impairment of goodwill attributed to the BME Group stemming from elevated low cost charges and decrease buying and selling volumes. With out these, SIX would have reported a revenue of 181 million francs, it mentioned, versus 185 million a yr earlier. “Unfortunately, the strong operating result was affected by two major non-cash value adjustments,” CEO Jos Dijsselhof mentioned in an announcement. “We are confident about our future growth, consistent financial performance, and ability to generate strong returns for our shareholders.” SIX mentioned it will enhance its dividend by 2% to five.20 Swiss francs per share for the round 120 monetary establishments, together with UBS that are its shareholders, for a payout of 101.5 million francs. It additionally urged an openness to doing M&A and mentioned bolt-on acquisitions in addition to partnering alternatives would additional strengthen its portfolio. “We are constantly reviewing M&A opportunities in all four of our business areas,” CFO Daniel Schmucki informed Reuters. “Globally, opportunities are more obvious in the Financial Information division than in the stock exchange business.” In January Reuters reported that SIX was mulling a bid for fund distribution firm Allfunds citing two sources with information of the scenario.
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