TISE announces revenue and profit rise in 2020

Posted: 25/03/2021

Cees_Vermaas_TISE_oct20The International Stock Exchange Group (TISEG) has released its Annual Report, which shows that TISE increased its revenue, profit and earnings per share in 2020, despite the Covid-19 pandemic.
 
The report shows record revenues of £8.4m, a 4.2% increase in post-tax profit to £3.6m, and an increase in earnings per share to 128.4p during the year ended 31 December 2020.
 
There were 831 newly listed securities on TISE in 2020, the second highest annual total of new listings since the inception of the Exchange. This took the total number of listed securities on TISE’s Official List to 3,162 at 31 December.
 
Charlie Geffen, Chair of TISEG, said: “At the 2020 AGM, we announced a revised growth strategy – an important step in the diversification of our products, geographies and markets. Our strong financial position gives us the ability and time to execute on our plans.”
 
The strategy includes a focus on growing TISE’s share of the European professional bond market. This resulted in the appointment of Anthony Byrne as Head of Bond Markets at TISE in February.
 
TISEG CEO Cees Vermaas (pictured) commented: “TISE has solid foundations in the international exchange industry and we are determined to unlock its full potential. We are investing in enhancing our technology to ensure we maintain high standards of client service while diversifying our product offering. 

"A post-Brexit world provides a changing landscape in financial services and we will continue to put ourselves in the best position to shape and take opportunities that emerge from the dynamic international environment.”
 
• A copy of the TISEG Annual Report for the year ended 2020 is available here


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