Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Euronext's third-quarter core profit rises on stable European macro environment

Published 08/11/2017, 06:55
© Reuters. Company stock price information are displayed on screens as they hang above the Paris stock exchange, operated by Euronext NV, in La Defense business district in Paris
ENX
-

(Reuters) - Pan-European exchange Euronext (PA:ENX) said its third-quarter core earnings rose 13.3 percent, driven by improved trading volumes in a "stabilised macro environment" and gains from recent acquisitions.

Euronext, which operates bourses in Paris, Amsterdam, Brussels, London and Lisbon, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 69.5 million euros (61.21 million pounds) in the third quarter from 61.3 million euros a year earlier.

Revenue rose 14.1 percent to 128.7 million euros in the period.

"The third quarter of 2017 saw an improved trading environment, despite very low volatility, with a stabilised macro environment in Europe. This translated into improved trading volumes on both cash and derivatives markets..." Euronext said in a statement.

© Reuters. Company stock price information are displayed on screens as they hang above the Paris stock exchange, operated by Euronext NV, in La Defense business district in Paris

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.