Euronext NV reported strong increases in revenues and profits for the first nine months of 2006.
Thanks to high levels of trading activity since the beginning of the year, Euronext revenues amounted to a historical high of 820 million euros in the first nine months of 2006, compared to 695.5 million euros (up 17.9%) during the same period in 2005. For the third quarter, revenues were up 11.9% year over year, making it the highest third quarter ever.
During the first nine months of the year, recurring expenses were kept stable. Euronext booked 36.1 million euros of specific advisory costs related to the corporate deals, leading to an increase in overall expenses of 8%.
Earnings before interest, taxes, and amortization (EBITA) rose by 38.5% compared to 2005 to reach 312.6 million euros with an EBITA margin of 38.1%, compared to 32.4% in 2005.
Profits before tax jumped from 253.3 million euros to 373.7 euros (up 47.5%) during the first three quarters of 2006, and the net profit attributable to shareholders rose 62.2% to 271.1 million euros.
Euronext reports higher Q3 profit
High levels of trading activity boost revenue
- By: James Langton
- November 16, 2006 November 16, 2006
- 12:30