Leonteq profit warning materialises, benefit down by 87%

Leonteq has reported a net profit of CHF20.6m (US$23.6m) for full year 2023 – down 87% year-on-year (YoY). The 2023 financial results were clearly below our expectations, and we are unsatisfied about this outcome - Lukas Ruflin, CEO The company’s net trading result, at CHF36.6m, also significantly decreased on the back of reduced market volatility (2022: CHF236.7m). ‘The 2023 financial results were clearly below our expectations, and we are unsatisfied about this outcome,&