Euronext Publishes Second Quarter 2016 Results

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  • Most profitable quarter since IPO
  • Resilient revenue: 1.7% increase  compared to Q2 2015, to €132.3 million (Q2 2015: €130.1 million)
  • Substantial reduction in operational expenses excluding depreciation and amortization: -9% compared to Q2 2015, to €54.6 million (Q2 2015: €60 million)
  • Significant increase in EBITDA margin: 58.7% (Q2 2015: 53.9%)
  • Basic EPS of €0.71, up 73% compared to €0.41 in Q2 2015
  • New strategic plan “Agility for growth” translating into a set of new financial targets for the 2015-2019 period released on 13 May
  • Group EBITDA margin excluding clearing operations to reach 61% to 63% in 2019

Amsterdam, Brussels, Lisbon, London and Paris – 28 July 2016 – Today Euronext announced its results for the second quarter and for the first six months of 2016.

Euronext has delivered its most profitable quarter since the IPO despite market uncertainty causing lighter volumes until the outcome of the UK referendum on 23 June 2016. Revenue generated by non-volumes operations (listing, market data, market solutions) have more than offset the decrease in transaction-based businesses. It reinforces our confidence in our capability to deliver the company’s Agility for Growth plan, which is built on the resilience of our core business with ongoing cost discipline and growth in selected initiatives. In spite of the uncertainties for the second half of 2016, we are well positioned to capture opportunities arising from changes in the industry landscape. said Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV.

 

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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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