Euronext: 164.4 ME of adjusted net profit in the 1st quarter

( – Euronext publishes this evening a turnover of 395.7 ME for the 1st quarter of 2022, up 6% in proforma data compared to the same period a year earlier (or +58, 8% in published data).

Adjusted EBITDA amounted to 252.2 ME, up 11.4% on a pro forma basis, thanks to growth in trading and non-trading activities, combined with continued cost discipline and synergies related to the acquisition of Borsa Italiana group.

In this context, the adjusted net profit of 164.4 ME, up 50.3% in published data.
Adjusted EPS thus stood at 1.54 euros, up 7.3% on a reported basis.

“During this first quarter of 2022, marked in Europe by the Russian invasion of Ukraine, Euronext’s economic model remained resilient,” notes Stéphane Boujnah, CEO and Chairman of the Board of Directors of Euronext.

‘Our strong cash generation capabilities enabled us to significantly deleverage following the acquisition of the Borsa Italiana group, as recently acknowledged by S&P. Our leveraged position now allows additional strategic flexibility to deliver value to our shareholders,” he added.

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