Euronext Publishes Second Quarter 2016 Results

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.

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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