Euronext Q1 underlying revenue €528.5M, income up 15.3% on Athens deal
Euronext reported €528.50 million in underlying Q1 revenue and income, surpassing market forecasts and marking its eighth straight quarter of double-digit 15.3% growth. Robust trading volumes, the Athens Stock Exchange acquisition, and a strong balance sheet—current ratio 5.00, debt-to-equity 0.76—underscore solid financial health.
1. Q1 Financial Results
Euronext delivered underlying Q1 revenue and income of €528.50 million, marking its eighth consecutive quarter of double-digit growth as both metrics rose 15.3% year over year. The results outpaced consensus projections and highlight continued momentum in core market operations.
2. Growth Drivers
Growth was fueled by increased trading volumes, record performance in non-volume related activities such as clearing and data services, and strategic expansion through the acquisition of the Athens Stock Exchange completed earlier this year.
3. Balance Sheet and Valuation
The balance sheet remains robust, with a current ratio of 5.00 indicating ample liquidity and a debt-to-equity ratio of 0.76 reflecting manageable leverage. Valuation metrics include a trailing P/E ratio of 27.37 and P/S ratio of 8.27, aligning with peers in the exchange sector.
