Euronext has announced its results for the fourth quarter (Q4) and full year 2024, demonstrating strong performance across key metrics.

FX trading revenue reached €8.5 million in Q4 2024, marking a remarkable 27.7% increase compared to the same period in 2023. This growth was attributed to favorable market volatility and Euronext’s expanding commercial activities. On a like-for-like basis and at constant currencies, FX trading revenue rose by 26.4%.

In Q4 2024, total revenue and income amounted to €415.8 million, up by 11.1% year-on-year, driven by record performance in fixed income trading and robust results in non-volume-related businesses. Additionally, the European expansion of Euronext Clearing, completed in November 2023, made a positive contribution to the results. On a like-for-like basis and at constant currencies, Q4 revenue and income stood at €411.1 million, up by 9.9%.

Euronext Sees Strong Q4 2024 Performance with 27.7% Growth

The adjusted EBITDA for Q4 2024 totaled €252.6 million, reflecting a 16.7% increase from Q4 2023. The adjusted EBITDA margin stood at 60.7%, up by 2.9 percentage points from the previous year. On a like-for-like basis, adjusted EBITDA increased by 16.4%, with a margin of 61.2%, up by 3.4 points.

Depreciation and amortization amounted to €49.6 million, an 8.7% increase from Q4 2023, due to migration projects and acquisitions. Adjusted operating profit rose by 17.7% to €231.1 million, with a like-for-like increase of 17.3%.

Net financing income for the quarter was €6.5 million, driven by higher interest income, while results from equity investments totaled €10.1 million, primarily from a dividend received from Sicovam.

Euronext’s reported net income for Q4 2024 increased by 10.8% to €144.6 million, with an earnings per share (EPS) of €1.40, up from €1.25 in Q4 2023. Adjusted net income rose by 16.3% to €172.3 million, reflecting strong profit growth and a lower number of outstanding shares.

A dividend of €292.8 million, representing 50% of the 2024 reported net income, will be proposed to the Annual General Meeting, marking a 14.0% increase compared to 2023.

Also, stay updated with the Latest Broker News.