Euronext reports Q2 increases across the board
30 July 2021 The Netherlands
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Euronext reported a total of €328.8 million in revenue and income for Q2 2021, marking a year-on-year increase of 56 per cent.
Just over one-quarter of this revenue was generated by Borsa Italiana Group in the 2 months and 2 days since Euronext’s acquisition of the group.
The acquisition of Borsa Italiana’s capital markets, along with robust yield, were the primary contributors to an increased trading revenue of €112.8 million, which indicated a 26.1 per cent increase compared to Q2 2020.
Euronext also noted a 130.9 per cent growth in post-trade revenue to €83.4 million, attributed to the strong performance of two Nordic central securities depositories (CSDs) — Euronext VPS in Norway, and VP Securities in Denmark — as well as the consolidation of the Italian CSD Monte Titoli.
Listing revenue grew to €48.2 million (a year-on-year increase of one-third), while advanced data services revenue reached €46.5 million as a result of the resilience of core activities and the Borsa Italiana acquisition.
The pan-European market infrastructure reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) at €192.9 million, demonstrating a 53.8 per cent year-on-year increase owing to higher operating expenses following the consolidation of costs from acquired businesses.
Euronext’s EBITDA margin for the financial quarter was calculated to be 58.7 per cent.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, comments: “Euronext reported a solid performance in Q2 2021; this growth results from robust organic performance with record listing activity in equities and exchange-traded funds, our fast-growing post-trade business in the Nordics and from the consolidation of the Borsa Italiana Group since 29 April 2021.”
“We are actively preparing the announcement of the new Euronext strategic plan, including 2024 group guidances, which we will release in November 2021.”
Just over one-quarter of this revenue was generated by Borsa Italiana Group in the 2 months and 2 days since Euronext’s acquisition of the group.
The acquisition of Borsa Italiana’s capital markets, along with robust yield, were the primary contributors to an increased trading revenue of €112.8 million, which indicated a 26.1 per cent increase compared to Q2 2020.
Euronext also noted a 130.9 per cent growth in post-trade revenue to €83.4 million, attributed to the strong performance of two Nordic central securities depositories (CSDs) — Euronext VPS in Norway, and VP Securities in Denmark — as well as the consolidation of the Italian CSD Monte Titoli.
Listing revenue grew to €48.2 million (a year-on-year increase of one-third), while advanced data services revenue reached €46.5 million as a result of the resilience of core activities and the Borsa Italiana acquisition.
The pan-European market infrastructure reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) at €192.9 million, demonstrating a 53.8 per cent year-on-year increase owing to higher operating expenses following the consolidation of costs from acquired businesses.
Euronext’s EBITDA margin for the financial quarter was calculated to be 58.7 per cent.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, comments: “Euronext reported a solid performance in Q2 2021; this growth results from robust organic performance with record listing activity in equities and exchange-traded funds, our fast-growing post-trade business in the Nordics and from the consolidation of the Borsa Italiana Group since 29 April 2021.”
“We are actively preparing the announcement of the new Euronext strategic plan, including 2024 group guidances, which we will release in November 2021.”
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