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Euronext: Clarification Statement

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Euronext: Clarification Statement

Regulatory News:

Following some questions raised during Q1 2016 earnings call this morning, Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) would like to clarify the interpretation of the liquidity table of slide 11 of the Q1 2016 results presentation. This table indicates “EBITDA (forecast 2016): 301€m”.

This illustrative EBITDA number is presented as part of the leverage calculation, which is a theoretical exercise taking into account:

  • 2015 revenues adjusted for all fee changes (listing, market data, etc.) implemented in 2016
  • 2015 cost base adjusted for additional savings delivered in Q1 2016

The purpose of the leverage calculation was meant only to illustrate the Company’s financial flexibility.

This figure should therefore not be understood as the Company’s forecast for 2016.

The slide will be amended accordingly.

About Euronext
Euronext is the primary exchange in the Euro zone with more than 1 300 listed issuers worth more than €3.0 trillion in market capitalization as of end December 2015, an unmatched blue chip franchise consisting of 25 issuers in the EURO STOXX 50® benchmark 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. Euronext operates regulated markets, Alternext and the Free Market; in addition it offers EnterNext, which facilitates SMEs’ access to capital markets.

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.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.
© 2016, Euronext N.V. - All rights reserved.

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Euronext
Media
Pauline Bucaille, +33 1 70 48 24 41
pbucaille@euronext.com
or
Analysts & investors
Stephanie Bia, +33 1 70 48 24 17
sbia@euronext.com