In April SIX delivered a robust performance in 2024, reporting an operating income of CHF 1.59 billion, up 4.6% at constant exchange rates, and a 4.8% increase in EBITDA to CHF 443.7 million. The Group’s diversified business model proved resilient, with revenue growth recorded across all four business units: Exchanges, Securities Services, Financial Information, and Banking Services.
Despite a CHF 167.7 million non-cash adjustment on its Worldline stake, the Group posted a net profit of CHF 38.7 million and a 12.3% increase in adjusted net profit to CHF 204.4 million. BME, the Spanish exchange operator owned by SIX, contributed significantly — accounting for 17% of total revenue and over 30% of EBITDA. A proposed dividend of CHF 5.30 per share reflects continued shareholder value generation.
Business unit highlights include IPOs of Puig and Galderma, the expansion of instant payments in Switzerland, and new global indices including crypto benchmarks. The Banking Services unit led growth with a 20.6% surge in income, driven by mobile payments, debit cards, and eBill.
Launching the ‘Scale Up 2027’ Program
To accelerate growth and boost efficiency, SIX has unveiled a three-year strategic initiative — Scale Up 2027 — with goals to achieve mid-single digit revenue growth and increase EBITDA margin from 28% to over 40% by 2027.
The plan includes cost savings of over CHF 120 million and a potential workforce reduction of approximately 150 roles through attrition and early retirement. Organic and inorganic growth strategies will be intensified, including full integration of the SIX Digital Exchange (SDX) into the Securities Services unit to fully leverage synergies and expand digital asset infrastructure.
SIX CEO Bjørn Sibbern stated: “We have a strong foundation to build from and will leverage it more effectively to accelerate growth and enhance profitability. This will see us bolster the Group’s position as a leading pan-European financial market infrastructure provider, while enhancing our high-value global data offering in an increasingly competitive landscape.”
Looking Ahead to 2025 and Beyond
SIX enters 2025 with a solid balance sheet and strategic clarity. The Group’s position in Switzerland and Spain offers a strong foothold in both domestic and EU markets. With bolt-on acquisitions, including the planned purchase of Aquis Exchange, SIX aims to further broaden its footprint. Pending regulatory approval, the acquisition is expected to close in Q2 2025 and will enhance SIX’s pan-European exchange capabilities across cash equities, technology licensing, and data services.
Despite global headwinds, SIX remains committed to delivering reliable, innovative, and cost-effective services for its clients — cementing its position as a forward-thinking, high-impact financial infrastructure provider on the European and global stage.
