Euronext publishes a higher margin in the 1st quarter and lowers its costs for 2022


PARIS (Agefi-Dow Jones)–The pan-European stock exchange operator Euronext published higher results in the first quarter, as trading volumes were supported by the international context.

During the quarter ended at the end of March, the group’s turnover amounted to 395.7 million euros, up 6.9% on a like-for-like basis.

Borsa Italiana, integrated from May 2021, contributed €129.4 million to quarterly revenue.

The group’s adjusted gross operating profit (Ebitda) increased by 12% like-for-like, to 252.2 million euros. The corresponding margin was 63.7%, compared to 60.7% in the first quarter of 2021.

Net profit, group share, increased by 50.3% on an adjusted basis, to 164.4 million euros. Earnings per share amounted to 1.35 euros, up 4.6%.

According to a consensus established by FactSet, analysts expected on average a turnover of 390 million euros, an Ebitda of 237 million euros and an adjusted net profit of 151 million euros.

The group has revised its expenditure estimate for the current year down slightly. In 2022, Euronext expects its underlying operating costs, excluding marketing expenses, to be approximately €612 million, compared to €622 million previously forecast. This figure compares to an annualized cost base of 627 million euros in the fourth quarter of 2021.

Euronext has also announced that it will begin the migration of its data center from London to Bergamo in Italy in early June, in accordance with the schedule set.

-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: ECH

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

May 17, 2022 12:24 ET (16:24 GMT)



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