Euronext publishes second quarter 2017 results

Amsterdam, Brussels, Lisbon, London and Paris – 28 July 2017 – Today Euronext announced its results for the second quarter of 2017.

  • Strong quarter, with improved cash and derivatives volumes:
    • Revenues up +3.8% compared to Q2 2016, to €137.3 million (Q2 2016: €132.3 million)
    • Cash average daily volume up +18.5% compared Q2 2016 and equity derivatives average daily volume up +27.3%
    • Strengthened cash equity market share for the quarter at 64.2%
    • Changes in competitive landscape for derivatives
    • Strong listing activity supported by large secondary market operations
  • Continued cost discipline, while progressing the delivery of Optiq® and MiFID II projects, and Agility for Growth initiatives
  • EBITDA of €79.2 million (Q2 2016: €77.7 million) and EBITDA margin of 57.7% (Q2 2016: 58.7%)
  • Record quarterly performance since IPO translating into a reported EPS of €0.78, up +9.9% compared to Q2 2016
  • New milestones in the deployment of Agility for Growth initiatives:
    • Delivery of Optiq® Market Data Gateway in July providing clients with a 10x reduction in latency
    • Further enrichment of the Corporate Service offering to issuers with the acquisition of iBabs, the innovative digital board portal solution
    • Launch of the Euronext Block MTF
    • €1.6 million of revenues and €1.9 million of costs generated by Agility for Growth initiatives in the quarter
  • Acquisition of FastMatch, with closing expected within Q3 ‘17

“I am proud to report today the strongest quarter since our IPO. The second quarter of 2017 saw volumes return to 2015 levels, driven by increased investor appetite and an improved financial and political outlook for the European Union. Euronext capitalised on this favourable environment and continued to deploy strong cost discipline. We strengthened our core business and delivered significant milestones in our Agility for Growth strategy, shaping the Euronext of tomorrow. Our new Optiq® platform was launched for market data and our diversification of activities continued with the reinforcement of our corporate services offering and the entry into the spot FX market", said Stéphane Boujnah, Chairman and CEO of the Managing Board of Euronext NV.

Read full press release.

About Euronext
Euronext is the leading pan-European exchange in the Eurozone with nearly 1,300 listed issuers worth close to €3.6 trillion in market capitalisation as of end September 2017, an unmatched blue chip franchise consisting of 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base.  Euronext operates regulated and transparent equity and derivatives markets. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM (formerly known as Alternext) and Euronext AccessTM (formerly known as the Free Market). For the latest news, find us on Twitter  (www.twitter.com/euronext) and LinkedIn (www.linkedin.com/company/euronext).

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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