Euronext reports year-on-year increase for post-trade revenue
30 July 2020 Brussels
Image: NicoElNino/Shutterstock
Euronext saw a 64.5 percent year-on-year increase of post-trade revenue reaching €36.1 million, according to its recently published Q2 2020 figures.
This increase was attributed to the consolidation of revenue from Oslo Børs VPS, the exchange’s Norweigan central securities depository, and higher clearing revenue.
Total revenue stood at €210.7 million, marking a 32.5 percent year-on-year increase, indicated to be a result of increased trading volumes in all asset classes, as well as continued advantages from diversification.
In addition, earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached €125.4 million, a year-on-year increase of 27.8 percent.
Although financing costs increased, this was caused by Euronext’s interest expenses on a second bond issued in June.
Stéphane Boujnah, CEO and chair of the managing board at Euronext, commented: “In Q2 2020, Euronext delivered a solid performance with double-digit growth across most asset classes, which, combined with continued cost control, translated into a higher EBITDA.”
“This quarter, we also launched a suite of environment, social and corporate governance (ESG) products and services to empower sustainable growth. This constitutes an important milestone in the ESG roadmap of our three-year strategic plan.”
“Q3 has had a positive start for our ongoing diversification strategy, with the Danish financial services authority’s approval for the acquisition of VP Securities in July. We expect to close the transaction early August 2020.”
This increase was attributed to the consolidation of revenue from Oslo Børs VPS, the exchange’s Norweigan central securities depository, and higher clearing revenue.
Total revenue stood at €210.7 million, marking a 32.5 percent year-on-year increase, indicated to be a result of increased trading volumes in all asset classes, as well as continued advantages from diversification.
In addition, earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached €125.4 million, a year-on-year increase of 27.8 percent.
Although financing costs increased, this was caused by Euronext’s interest expenses on a second bond issued in June.
Stéphane Boujnah, CEO and chair of the managing board at Euronext, commented: “In Q2 2020, Euronext delivered a solid performance with double-digit growth across most asset classes, which, combined with continued cost control, translated into a higher EBITDA.”
“This quarter, we also launched a suite of environment, social and corporate governance (ESG) products and services to empower sustainable growth. This constitutes an important milestone in the ESG roadmap of our three-year strategic plan.”
“Q3 has had a positive start for our ongoing diversification strategy, with the Danish financial services authority’s approval for the acquisition of VP Securities in July. We expect to close the transaction early August 2020.”
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