Euroclear Sees 8% YoY Rise in Net Profit in 2021

Euroclear delivered a record financial performance in 2021. Net profit was up +8% year-on-year to EUR 467 million, excluding MFEX. Including MFEX, 2021 net profit increased to EUR 463 million.  

Sustained growth in business income, up +15% year-on-year to EUR 1467 million, offset the impact of lower interest rates on total operating income. Euroclear continues to invest strongly in technology systems and human capital, with operating expenses up 7% to EUR 919 million.    

The group maintains a strong capital position and low risk profile, which are critical as a financial market infrastructure and create headroom for further growth.

Euroclear's business has proven again to be scalable in 2021 as costs increased by only 5% year-on-year (when excluding MFEX acquisition costs) despite 15% growth in business income.  Including the exceptional costs related to the acquisition, costs were up 7% to EUR 919 million.

"2021 represents a significant milestone for the group as we have now exceeded many of the key financial targets that we set out in our five-year plan to 2023, two years ahead of our expectations,”Lieve Mostrey, Chief Executive Officer, Euroclear commented.”I am pleased to say that we are delivering on what we set out to achieve. Our core European business remains robust as we have consistently invested to ensure that our infrastructure is both reliable and scalable to market demand."