Euronext sees Q1 buying and selling venues rise regardless of declines in money and derivatives

Euronext has skilled constructive earnings within the first quarter this yr, attributed to sturdy natural development from its diversified enterprise mannequin.

Stephane Boujnah

The buying and selling venue noticed Q1 2024 income and earnings up 8% when in comparison with the identical interval final yr, totalling €401.9 million.

Total buying and selling income grew 7.4% year-on-year to €138.4 million, pushed by sturdy outcomes inside its mounted earnings and energy buying and selling segments.

Mounted earnings income was up considerably – 34.5% in comparison with Q1 2023 – totalling €35.2 million, whereas energy buying and selling figures had been up 23.7%, with a complete income of €12.2 million.

Buying and selling income figures had been, nonetheless, offset by money buying and selling and derivatives buying and selling, which had been down 1.6% and 10.2% year-on-year, which resulted in totals of 70.6 million and €13.4 million, respectively.,

Euronext attributed declines to money buying and selling and derivatives buying and selling to a softer buying and selling surroundings.

The buying and selling venue additionally posted constructive outcomes for FX buying and selling, which noticed revenues throughout the section up 12.7% year-on-year, totalling €7.1 million.

Elsewhere, inside Euronext’s post-trade enterprise, whole revenues had been up 11.5%, attaining €104.8 million.

Contributing to this, clearing in addition to custody and settlement figures had been up 23.1% and 6%, with a complete of €37 million and €67.8 million, respectively.

“Within the first quarter of 2024, Euronext reached report income and earnings of €401.9 million. Robust natural development in our non-volume associated companies, mixed with report quarter in mounted earnings and energy buying and selling and double-digit development in our post-trade actions, drove the Group income’s development to +8.0%,” stated Stéphane Boujnah, chief govt officer and chairman of the managing board of Euronext.