Euronext, a pan-European market infrastructure provider, on Thursday reported a 46.9 percent increase in its yearly revenue for 2021, taking the figure to almost €1.3 billion. This was mostly contributed by the €337.7 million generated by Borsa Italiana, which the Group acquired last year.
The trading revenue of the platforms operated by the Group came in at €465.3 million, which is an increase of 27.4 percent. Non-volume-related revenue contributed 55 percent of the total yearly revenue of the Group.
Post-trade services brought in €320.6 million, whereas advanced data services revenue came in at €183.6 million. These went up by 80.9 percent and 32.1 percent, respectively. The post-trade segment benefited from the consolidation of Euronext Securities Milan and the clearing activities of Euronext Clearing. Listing revenue also increased by 30.4 percent to €189.7 million.
The Group further highlighted that the figures of the fourth quarter of the year touched record at €370.1 million as revenue and income, 59.5 percent increase year-over-year. It was mostly driven by post-trade and trading activities.
Euronext’s EBITDA for the year came in at €752.8 million, 44.8 percent higher than the previous year, with a margin of 58 percent. With all these, the Group reported a net income of €413.3 million, 31 percent higher than 2020. The adjusted earnings per share jumped by 17.2 percent to €5.35.
2022 Ambitions
Euronext is now focused on adjusting its operating expenses for the first quarter of 2022 and is expecting the yearly operating cost to be around €622.0 million.
“We maintained a strong costs control, that allowed the Group to report better costs than its 2021 costs guidance,” said Stéphane Boujnah, Euronext’s CEO and Chair. “As we enter 2022, all the Euronext teams are more than ever committed to build the leading market infrastructure in Europe to shape capital markets for future generations.”
Euronext, a pan-European market infrastructure provider, on Thursday reported a 46.9 percent increase in its yearly revenue for 2021, taking the figure to almost €1.3 billion. This was mostly contributed by the €337.7 million generated by Borsa Italiana, which the Group acquired last year.
The trading revenue of the platforms operated by the Group came in at €465.3 million, which is an increase of 27.4 percent. Non-volume-related revenue contributed 55 percent of the total yearly revenue of the Group.
Post-trade services brought in €320.6 million, whereas advanced data services revenue came in at €183.6 million. These went up by 80.9 percent and 32.1 percent, respectively. The post-trade segment benefited from the consolidation of Euronext Securities Milan and the clearing activities of Euronext Clearing. Listing revenue also increased by 30.4 percent to €189.7 million.
The Group further highlighted that the figures of the fourth quarter of the year touched record at €370.1 million as revenue and income, 59.5 percent increase year-over-year. It was mostly driven by post-trade and trading activities.
Euronext’s EBITDA for the year came in at €752.8 million, 44.8 percent higher than the previous year, with a margin of 58 percent. With all these, the Group reported a net income of €413.3 million, 31 percent higher than 2020. The adjusted earnings per share jumped by 17.2 percent to €5.35.
2022 Ambitions
Euronext is now focused on adjusting its operating expenses for the first quarter of 2022 and is expecting the yearly operating cost to be around €622.0 million.
“We maintained a strong costs control, that allowed the Group to report better costs than its 2021 costs guidance,” said Stéphane Boujnah, Euronext’s CEO and Chair. “As we enter 2022, all the Euronext teams are more than ever committed to build the leading market infrastructure in Europe to shape capital markets for future generations.”
Source: https://www.financemagnates.com/institutional-forex/euronext-sees-27-2021-revenue-jump-with-borsa-italiana-integration/