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.

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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 nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, 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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