Euronext Discloses Its New Strategic Plan - Growth for Impact 2024
Euronext, the leading pan-European market infrastructure, has unveiled yesterday its new three-year strategic plan - “Growth for Impact 2024”.
Euronext plans to grow and leverage its scale for the benefit of its clients, team members, shareholders and stakeholders. “Growth for Impact 2024” sets out its ambition to build the leading market infrastructure in Europe, with an aim to make an impact on its industry and its ecosystem to shape capital markets for future generations.
The new strategic plan translates into the following 2024 financial targets:
Revenue growth: +3% to +4% CAGR2020PF-2024E, compared to +2% to +3% CAGR2018PF-2022E in the previous plan;
EBITDA growth: +5% to +6% CAGR2020PF-2024E;
Dividend policy (unchanged): pay-out at 50% of reported net income for the period;
Total implementation costs are estimated at €160 million.
The plan is built on the following strategic priorities:
Leverage Euronext’s integrated value chain, through the European expansion of CC&G clearing activities, the Core Data Centre migration to the European Union, and the international expansion of MTS;
Pan-Europeanise Euronext CSDs through the expansion of services across its four CSDs in Portugal, Norway, Denmark and Italy, the harmonisation of processes and enhancement of the client experience;
Build upon Euronext’s leadership in Europe, to further develop its leading listing and trading venues, to accelerate the delivery of innovative products and services thanks to technology, and to scale up advanced data services, corporate and investor services;
Empower sustainable finance through an ambitious climate commitment for Euronext that aims to make a tangible impact on its partners and clients, and also through an enhanced inclusive people strategy;
Execute value-creative M&A by continuing to seek external diversification opportunities, in line with Euronext’s strict investment criteria and its commitment to maintain an investment grade rating.
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