- +50% higher operating income yoy and more than double profit on the back of significant equity turnover and efficient organizational structure
- Changes to the Supervisory Board: Florey to replace Davies
(Vienna) Wiener Börse AG presented the earnings for the full year 2016 at today's general shareholders' meeting. Operating income increased to EUR 32.0 million, 56.4% more than the previous year (2015: EUR 20.5 million). Average monthly trading volumes amounted to EUR 4.66 billion (versus EUR 4.87 billion in the previous year) while total trading volumes remained high at EUR 55.95 billion (2015: EUR 58.4 billion). Wiener Börse AG’s equity increased significantly to EUR 44.7 million on 31 December 2016 (2015: EUR 33.9 million). Total assets amounted to EUR 64.8 million compared to EUR 57.3 million in the preceding year. Net profit was EUR 34.5 million, compared to EUR 16.5 million in 2015. Wiener Börse AG employed 85 staff as of 31 December 2016.
The parent company of the Vienna Stock Exchange, the holding company CEESEG AG, which includes the stake in the Prague Stock Exchange, also had a good performance in 2016. The consolidated operating result of CEESEG increased to EUR 33.9 million (2015: EUR 30.4 million). Total assets stood at EUR 156 million versus EUR 178 million in 2015.
“Our good performance in 2016 and the group's lean organisational structure are an excellent foundation for the growth strategy we envisage. We are proactively developing new products, expanding our sales channels and making new products available to our customers. These new measures – as well as the rising trading volumes in 2017 – should have a positive effect on our earnings as well,” said Christoph Boschan, CEO of Wiener Börse AG and CEESEG AG.
Austria for the world – the world for Austria
“The Vienna Stock Exchange's new positioning and the alliance with the Prague Stock Exchange have put us on the right path. The Vienna Stock Exchange has worked hard to define its new positioning, and we are currently making strides by introducing new offerings that are well-received,” stated Heimo Scheuch, Chairman of the Supervisory Board. The Vienna Stock Exchange has recently launched the new “global market” segment whereby investors can trade 133 US stocks during local Austrian trading hours directly on the Vienna Stock Exchange. The offering was expanded to cover German stocks in mid-June.
“A strong stock exchange is important for Austria as a business location. If we want to make our economy fit for the future, we need not only the commitment of politicians to a well-functioning financial market, but, above all, a capital market strategy that points to a clear direction of travel,” said Heimo Scheuch, CEO of Wienerberger. Wienerberger AG is an international company that sells construction materials and infrastructure solutions.
Changes to the Supervisory Board
The following changes to the Supervisory Board were adopted: Reinhard Florey (OMV AG) will join the supervisory boards of Wiener Börse AG and CEESEG AG. He succeeds David Davies who relinquished his posts effective today. Byron Haynes also resigned. The Supervisory Board now consists of 11 shareholder representatives. Heimo Scheuch (Wienerberger AG) remains Chairman and Angelika Sommer-Hemetsberger (OeKB) remains Vice-Chairwoman of the Supervisory Board.
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
