Euronext profit jumps on strong cash trading, SME listings

Euronext profit jumps on strong cash trading, SME listings

Euronext profit jumps on strong cash trading, SME listings

The FINANCIAL -- Euronext on May 6 announced its results for the first quarter of 2015.

Third party revenue increased by +9.6% on an adjusted basis[1]to € 130 million (Q1 2014 adjusted: €118.7 million), or +22.4% on a reported basis (Q1 2014 reported: €106.2 million)

Substantial reduction in operational expenses excluding depreciation and amortization: -8.8% compared to Q1 2014 adjusted1(increase by +1.4% compared to Q1 2014 reported)

EBITDA margin of 52.2%

€43.6 million of cumulated efficiencies achieved - €38.3 million of associated restructuring expenses

”Today we are announcing results that reflect the hard work we have put in to execute on our strategy and which demonstrate that we are on the right track.  We have been able to over deliver on our promises, thanks to tight cost controls, robust volumes in our cash trading, strong tailwinds and a buoyant IPO market. I am delighted to have been given the opportunity to act as interim CEO. It is an honour to accept this position on an interim basis.  As a team we have all worked hard to reposition Euronext as a leading capital financing centre in Europe.  Our mission will not change and I am committed to defending the interests of the company, creating value for our shareholders and our clients, and fulfilling my role as CEO of this outstanding company.” said Jos Dijsselhof, Interim CEO and COO of Euronext NV.