From GlobeNewswire: 2024-05-14 11:45:00

In Q1 2024, Euronext reported a +8.0% increase in revenue and income to €401.9 million. Non-volume related revenue accounted for 58% and covered 155% of operating expenses. The company sustained a leading position for equity listing in Europe and completed the migration of Italian derivatives trading to its platform. Euronext’s adjusted EBITDA increased by +15.0% to €251.3 million.

Through the acquisition of Global Rate Set Systems (GRSS), Euronext aims to strengthen its fixed and subscription-based revenue. GRSS is a key provider to benchmark administrators, contributing to Euronext’s index franchise by calculating and administering Interbank Offered Rate indices. Euronext launched the Euronext Mid-Point Match, offering dark, mid-point, and sweep functionalities to enhance liquidity access and trading functionality for members and buy-side firms.

Euronext achieved €79.0 million in cumulated run-rate EBITDA synergies from the Borsa Italiana Group integration in Q1 2024, with €105.8 million in implementation costs since the acquisition. The company reported a +44.8% increase in net income and a +15.0% increase in adjusted EPS. Additionally, S&P upgraded Euronext’s rating to BBB+ Positive Outlook. The company’s Capital Market Day is scheduled for November 8, 2024, in Paris.



Read more at GlobeNewswire:: Euronext publishes Q1 2024 results