(AOF) – Euronext revealed improved operating results in the third quarter. Over this period, the Pan-European Stock Exchange recorded a 119.6% jump in its net profit to 166.5 million euros. The company notably benefited from a capital gain of 41.6 million euros following the sale of the 11.1% stake in LCH SA. Its adjusted Ebitda increased by 7% to 213.7 million euros, showing a margin of 59.3%, up 2.3 points in published data and 1.6 points on a comparable basis.
Adjusted costs reached 146.5 million euros, up 0.1% like-for-like. Euronext’s consolidated turnover reached 360.2 million euros, an increase of 19.5%. On a like-for-like basis, it increased by 21.3%.
47.6 million euros of cumulative annual Ebitda synergies have been realized since the acquisition of the Borsa Italiana group in April 2021, of which 3.4 million euros were realized in the third quarter of 2023.
Adjusted costs for the year 2023 are expected to be lower than the forecast of 630 million euros.
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