Euronext: quarterly revenues hailed by market
(CercleFinance.com) - Euronext shares are up 3% this morning, outperforming the Paris stockmarket, which is up slightly, after the market operator unveiled its Q2 accounts yesterday evening.
The group's Q2 revenues rose by 1.8% to 159 million euros, although fell by 1.7% in comparable terms. Even so, its EBITDA rose by 12% (+8.5% in organic terms) to 98.1 million euros. While reported net profit fell by 53.4 million, with extraordinary charges of 10 million euros mainly resulting from the acquisition of Oslo Bors, which has been consolidated since 14 June, it rose in adjusted terms.
Euronext will hold a CMD on 11 October, particularly discussing the takeover of Oslo Bors and the synergies that are expected from it.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The group's Q2 revenues rose by 1.8% to 159 million euros, although fell by 1.7% in comparable terms. Even so, its EBITDA rose by 12% (+8.5% in organic terms) to 98.1 million euros. While reported net profit fell by 53.4 million, with extraordinary charges of 10 million euros mainly resulting from the acquisition of Oslo Bors, which has been consolidated since 14 June, it rose in adjusted terms.
Euronext will hold a CMD on 11 October, particularly discussing the takeover of Oslo Bors and the synergies that are expected from it.
Copyright (c) 2019 CercleFinance.com. All rights reserved.