The Swiss women's national team thrilled the crowds. Almost 30.000 fans in Bern's Wankdorf and hundreds of thousands in front of the television celebrated the 2:0 victory over Iceland on Sunday. In the final group match against Finland on Thursday, a draw will be enough for coach Pia Sundhage's team to make sporting history. For the first time, the home team can reach the quarter-finals of a European Championship. A national sponsor of the UEFA Women's EURO 2025 was still celebrating the day after the thrilling match in Bern. Swissquote started the trading week with a price increase of more than 5.6%. However, the online broker's advances were probably not so much due to its close connection with football. Rather, investors were evidently pleased with the news that Swissquote had announced the complete takeover of Yuh on Friday evening. Four years after the digital finance app was founded, the broker is buying the 50% stake previously held by Postfinance. "Today's move allows us to optimally integrate Yuh into our overall offering," explained Marc Bürki, CEO of Swissquote.
At mid-year, the low-cost financial services provider, which targets young people with a high affinity for mobile applications, had 342.369 customer accounts. The volume of assets held in these accounts amounted to CHF 3.2 billion. "With the inclusion of Yuh, we now manage over one million customer accounts," explained Bürki. He assumes that this step will have a positive impact on the market perception of Swissquote. In any case, the CEO wants to use the inherent synergies between the two companies even more extensively with the complete takeover. Another effect of the acquisition is that Postfinance will gain in importance as a shareholder - it held 5% of Swissquote at the end of 2024. Yuh has now been valued at CHF 180 million. Swissquote is paying part of the purchase price with treasury shares.
The management's primary objective is likely to be to drive growth with the help of Yuh. Switzerland's leading financial app increased the number of customer accounts by almost half last year and also broke even. As at the end of December 2024, the reported profit was CHF 1.7 million. Yuh was not actually expected to be in the black until the current year. Investors will find out how business went in the first half of 2025 on August 14. Swissquote will then present its interim report. After last year's record figures, the management is expecting consolidation for the time being. While net income is expected to increase by 2.1% to CHF 675 million in 2025, those responsible are targeting a 2.7% increase in pre-tax profit to CHF 355 million. In the medium term, CEO Bürki and his team are aiming for significantly more: the target for pre-tax profit is CHF 500 million by 2028, which would represent growth of almost 45% compared to the previous year.
With yesterday's jump in the share price, the Swissquote share may have started a new run towards CHF 500. At the beginning of June, the mid-cap had turned down shortly before this round mark. Even if the financial stock fails to break out again, the softcallable barrier reverse convertible offers an attractive return. Irrespective of the further development of Swissquote, a coupon payment of 8.60% p.a. is due every 3 months. There is partial protection for the nominal value: as long as the underlying does not fall to or below the barrier of 69% of the initial level, the issuer repays the capital invested in full. Due to the softcall function, early termination and redemption of the BRC is possible. Leveraged products enable a much more offensive orientation. Leonteq now trades more than 60 different securities of this type with Swissquote as an underlying. With long mini-futures or call warrants, traders can bet that Swissquote will crack the CHF 500 mark. Shorts or puts, on the other hand, are aimed at falling prices. Regardless of the orientation, if the respective investment calculation does not work out, there is a risk of disproportionately high losses.
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