(BFM Bourse) – The pan-European stock market operator recorded in 2021 the “best year” in its history, boosted by the integration of Borsa Italiana acquired 8 months earlier. Invited to BFM Business, its CEO Stéphane Boujnah welcomes this operation.
A prosperous year for Euronext. The group, which operates the Paris, Amsterdam, Brussels, Lisbon, Dublin, Oslo and Milan stock exchanges, reported above-expected revenue and Ebitda growth in the last quarter of 2021. Its annual net profit its share jumped 31% to 413.3 million euros, for a turnover close to 1.3 billion euros (up 46.9% over one year, but only 3.3% at comparable data), a figure in line with analysts’ expectations.
The difference between growth on a reported basis and that at constant scope and exchange rates is due to the integration of Borsa Italiana, operator of the Milan Stock Exchange, whose takeover was finalized in April, and which contributed 337, 7 million in 2021 turnover.
“It’s a year where things have gone very well on several fronts” welcomes Stéphane Boujnah, guest on BFM Business, who points out in particular “more volume of share trading [et] more listings on all Euronext markets”, with 212 IPOs on all Euronext markets. “The wave of IPOs has mainly benefited Paris, Amsterdam and Oslo” he specifies .
Returning to the integration of Borsa Italiana, the manager welcomes this continuation of the consolidation, which brings to 6,900 billion euros the aggregate capitalization of all the securities listed on the Euronext markets – i.e. double that of the London and triple that of Frankfurt. “25% of shares traded in Europe are now traded on Euronext platforms” continues the manager, according to whom “this unique pool of liquidity represented by Euronext constitutes the backbone of the union of European capital markets”.
Quentin Soubranne – ©2022 BFM Bourse
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