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Swissquote Group Holding

CR
Bloomberg   SQN SW
Internet banking/Fintech  /  Switzerland  Web Site   |   Investors Relation
Licensed to conquer Europe
Target
Upside 14.0%
Price (CHF) 175.1
Market Cap (CHFM) 2,684
Perf. 1W: 6.70%
Perf. 1M: 28.8%
Perf. 3M: 47.3%
Perf Ytd: 31.2%
10 day relative perf. to stoxx600: 14.1%
20 day relative perf. to stoxx600: 21.7%
Opinion change17/06/2020

Change in OpinionBuy vs Add

Change in EPS2020 : CHF 5.17 vs 3.80+35.8%
2021 : CHF 4.68 vs 4.51+3.77%

Following Swissquote's press release today regarding the H1 20 numbers, we have adjusted our numbers for 2020 and going into 2021. H1 20 revenues and profit before tax are indeed 40% and 120% higher yoy. As mentioned in today's Latest, this has come from the sharp increase in market volatility (more trading and opening of new accounts).
We expect part of this new business to be sustainable going into 2021 and 2022.



Updates

27 Apr 20 Opinion change
More tailwinds

24 Apr 20 Latest
More tailwinds

17 Mar 20 Earnings/sales releases
A very reassuring guidance

17 Jan 20 Opinion change
An enabling environment

16 Jan 20 Earnings/sales releases
Very promising numbers

09 Oct 19 Initiation cov.
Leveraging high quality financial services

Next123
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