Euronext Sees 12.7% YoY Revenue Increase in Q3 2020

Euronext, the leading pan-European market infrastructure, announced its results for the third quarter of 2020, revealing a YoY increase from income to revenues.

The Q3 2020 revenue of the company increased by 12.7 percent to €204.8 million compared with the same period last year, which included post-trade revenue increased to €44.6 million (+44.9%), trading revenue increased to €75.9 million (+7.3%), listing revenue increased to €35.8 million (+2.9%) and advanced data services revenue increased to €34.5 million (+3.0%).

The Q3 2020 EBITDA of the company rose  by 9.1 percent to €117.8 million YoY , with EBITDA margin at 57.5% (-1.9pts); like-for-like, EBITDA margin at 59.7% (+0.1pts).

The Q3 2020 reported net income of the company jumped by 10.6 percent to €70.2 million with the corresponding period last year and Adjusted EPS at €1.12 (+13.8%).

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:" In the third quarter of 2020, Euronext's business diversification initiatives continued to bolster growth, with the first impact of the consolidation of VP Securities, while the core business showed its resilience and translated into a double-digit growth of revenue at €204.8 million. Combined with continued cost control, this translated into a higher EBITDA of €117.8 million."