Euronext apresenta resultados do Terceiro Trimestre de 2014

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Amsterdam, Brussels, Lisbon, London and Paris – 6 November 2014 – Euronext today announced its results for the third quarter of 2014.

  • Third party quarterly revenue increased by +10.3% on an adjusted basis[1] to €112.3 million (Q3 2013 adjusted: €101.9 million), or +24% on a reported basis (Q3 2013 reported: €90.6 million)
  • Robust cost discipline continues with quarterly operational expenses excluding depreciation and amortization decreasing by -8.2% compared to Q3 2013 adjusted1(increase by+0.6% compared to Q3 2013 reported)
  • EBITDA margin of 44.1% in Q3 2014; EBITDA margin year-to-date of 45.4%
  • Growth driven by ongoing strong cash trading, market data businesses, sustained listing activity and first benefits of initiatives
  • Execution of strategic roadmap on track
  • €30 million of efficiencies already achieved on an adjusted basis - commitment to deliver €60 million efficiencies[2] by end of H1 2015 on a run-rate basis, 18 months ahead of schedule

Euronext continues to execute on its ambitious development strategy. Our revenue shows solid growth, the €60 million of efficiencies previously committed will be delivered 18 months ahead of schedule and our EBITDA target of 45% has therefore been met earlier than previously announced. This solid set of results demonstrates our capacity to deliver on our medium term objectives. We remain confident that the long term economic and regulatory cycle favourable for Euronext’s growth continues, despite some recent short term market turbulence. I am also delighted to have been joined by an extremely high calibre team who will reinforce our focus on innovation and execution in order to position Euronext as a leading pan-European capital raising centre,” said Dominique Cerutti, CEO and Chairman of the Managing Board of Euronext NV.

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[1]for the three month period ending 30 September 2013 the changes in third party revenue and operational expenses have also been included when adjusted for the new derivative clearing agreement with LCH.Clearnet. This was included based on our estimate of the amount of revenue we would have received and the amount of associated expenses we would have paid under the Derivatives Clearing Agreement, based on our actual trading volume for the periods presented and assuming the Derivatives Clearing Agreement had been in effect from 1 April 2013, see also specific paragraph and reconciliation pages 6 and 7.

[2]pretax operating optimization and efficiencies

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

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