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Lang & Schwarz (LUS1) investor relations material
Lang & Schwarz H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved significant growth in trading activity and profitability in H1 2026, with strong performance in both TradeCenter and Structured Products segments.
Expanded product offerings, issuing over 75,000 new structured products and maintaining high trading volumes.
Maintained robust liquidity and capital position, ensuring operational stability.
Financial highlights
Trading result rose by 54% year-over-year to €98.6 million in H1 2026.
Ordinary business result increased by over 80% to €71.7 million compared to H1 2025.
Net income for H1 2026 was €48.4 million, up from €26.5 million in H1 2025.
Earnings per share reached €5.13 (or €5.20 adjusted), compared to €2.81 (or €2.88 adjusted) in H1 2025.
Administrative expenses rose 9% to €25.8 million, mainly due to higher external service and legal costs.
Outlook and guidance
Expecting a slight to moderate decline in trading result for full-year 2026 due to changes in client order flow, but still above 2024 levels.
Strategic focus on broadening customer and order flow base and cost structure adjustments to offset external headwinds.
Ongoing investments in IT infrastructure and resilience against cyber threats.
- Record trading and net income growth in 2025, with strong outlook despite regulatory risks.LUS1
H2 2025 - Profit and trading volumes soared in H1 2025, with EPS up 38% and strong market activity.LUS1
H1 2025 - Trading income and net profit surged in H1 2024 amid high market activity and robust growth.LUS1
H1 2024 - Record trading and profit growth in 2024; strong but moderating outlook for 2025.LUS1
H2 2024
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