Euronext, the Pan-European market infrastructure, has disclosed its financial results for the Q4 and full year 2023, revealing a mix of stability and growth in various sectors.

In the final quarter of 2023, Euronext reported stable FX trading revenue at €6.7 million, with higher volumes offset by FX impact. However, on a like-for-like basis at constant currencies, the FX trading revenue showed a positive trend, rising by 4.8% compared to the same period in 2022. For the full year 2023, FX trading revenues reached €25.6 million, reflecting a decrease of 10.0% compared to the record performance achieved in 2022. This decline was because of lower volatility in the first three quarters of the year and negative FX impact. On a like-for-like basis at constant currencies, the FX trading revenue for the entire year was down by 7.8% compared to 2022.

Euronext Releases Q4 and Full Year 2023 Financial Results

Euronext’s total revenue and income for Q4 2023 amounted to €374.1 million, representing a substantial increase of 7.8% compared to Q4 2022. This growth was because of record performance in fixed-income trading, robust results in non-volume related businesses, and the positive contribution of the Euronext Clearing European expansion in November 2023. For the full year 2023, underlying revenue and income reached €1,474.7 million, marking a modest increase of 0.5% compared to 2022. This growth was due to the strong performance of non-volume related activities, partially offsetting the softer cash trading environment and the negative impact of the NOK depreciation over the year. The total revenue and income for 2023 increased by 3.9%, reflecting a one-off loss in net treasury income related to the partial disposal of the Euronext Clearing portfolio in Q3 2022.

On a like-for-like basis and at constant currencies, Euronext’s consolidated revenue and income in 2023 increased by 1.6%, reaching €1,469.7 million compared to 2022.

Euronext is going to propose a dividend of €256.8 million to the Annual General Meeting on May 15, 2024. This represents 50% of the reported net income for 2023, aligning with Euronext’s dividend policy. Based on the number of outstanding shares at the end of 2023, the proposed dividend translates to €2.48 per share, indicating an 11.7% increase compared to 2022.

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