(AOF) – Euronext revealed sharply increased results in the fourth quarter. Over this period, the Pan-European Stock Exchange recorded a 31.5% jump in its net profit to 130.6 million euros. Its adjusted Ebitda increased by 15.2% to 216.3 million euros, showing a margin of 57.8%, up 3.7 points in published data and 2.9 points on a comparable basis. Adjusted costs reached 157.8 million euros, up 1.9% like-for-like. Euronext’s consolidated turnover increased by 7.8% to €374.0 million. On a like-for-like basis, it increased by 9.1%.
The company is proposing the distribution of a dividend of 2.48 euros per share, an increase of 11.7%. Euronext has a distribution rate of 50%.
“We continued our deleveraging by achieving a net debt to adjusted Ebitda ratio of 1.9x at the end of 2023, compared to 3.2x after the acquisition of the Borsa Italiana group” declared CEO, Stéphane Boujnah.
Adjusted costs for the year 2024 are expected to amount to approximately 625 million euros.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
