PARIS (Reuters) – Euronext on Wednesday reported higher than expected annual revenue for the year, supported by income from listings, trading and clearing operations after the consolidation of some acquisitions.
The operator of the Paris, Amsterdam, Brussels, Dublin, Lisbon and Oslo stock exchanges, which plans to complete the acquisition of the Borsa Italiana group in the first half of 2021, has also indicated that it will publish new information at the end of the year. financial targets for 2024.
The group’s turnover for the year ended December 31 rose 30.2% to 884.3 million euros, while analysts polled by Refinitiv forecast an average of 869 million euros.
The net result, up 42% to 315.5 million euros, however came out below expectations. The group says it has been penalized by exceptional costs linked to the restructuring and the acquisition of Borsa Italiana.
Euronext, however, expects operating expenses to drop this year.
(Sarah White; French version Claude Chendjou)
