Euronext hikes costs guidance as trading profits soar

Sprintex

17/05/2022 16:45

May 17 (Reuters) - Euronext  ENX.PA  on Tuesday reported
record quarterly revenues as the pan-European stock exchange
profited from high market volatility during times of
international crises and improved cost control. 
    The group said in a statement that progress on the
integration of Borsa Italia, which it bought last year in a
4.4-billion-euro ($4.64 billion) deal, allowed it to slightly
raise its costs guidance by an overall 20 million euros.
 urn:newsml:reuters.com:*:nL1N2MM0HV
    "Throughout this first quarter, we pursued a strong momentum
in our integration plan and in the realisation of targeted
EBITDA (earnings before interest, taxes, depreciation and
amortisation) synergies," the group said in a statement.
    Euronext, which runs the stock markets of Paris and
Amsterdam among others, posted first-quarter revenues of 395.7
million euros, up from 370.1 million in the previous quarter and
a 58.8% year-on-year increase. 
    Its adjusted EBITDA also grew by 66.8% to 252.2 million
euros from last year. 
    
    ($1 = 0.9489 euros)

 (Reporting by Juliette Portala, editing by Tassilo Hummel)
 ((juliette.portala@tr.com ; +48 587 696 607))