Euronext announced its full-year 2018 results late yesterday where it reported record performance across the entire company. The company achieved most of the targets earmarked for 2019 last year, and successfully integrated multiple accretive business acquisitions over the same period. The company also announced new targets for 2019.
The highlights of the report were:
- The company grew its net full-year revenues by 15.5% to €615.0 million driven by initiatives to diversify revenue sources, while increasing its current revenues.
- The company’s 2018 EBITDA also rose by 19.0% to come in at to €354.3 million, while EBITDA margins increased by 1.7 points, which translates into 57.6% growth. This was despite the company being heavily involved in consolidating multiple acquired businesses into its systems
- Euronext’s full year 2018 adjusted earnings per share registered 11.2% growth to reach to €3.44.
- The company announced a 50% dividend payout in line with its policies of €1.54 per share totaling €108 million.
The company’s 2019 targets for growth and agility as stipulated within its strategic plan were achieved in 2018. The company is looking to acquire Oslo Børs VPS this year as part of its growth strategy.
Stéphane Boujnah
The CEO and Chairman of the Managing Board of Euronext, Stéphane Boujnah commented that:
Euronext delivered a strong financial performance in 2018 with double digit growth in revenue, EBITDA and adjusted EPS thanks to strengthened core business and market share on cash trading at 66%. Combined with efforts on cost, Euronext was able to reach most of its 2019 targets one year in advance, confirming the Q3 2018 momentum, with a core business and selected growth initiatives EBITDA margin reaching 61.6%. In 2018, Euronext successfully welcomed Euronext Dublin teams within the Group and achieved the migration of Irish markets to Optiq trading platform early February 2019, seven months after its transition for the Group cash markets. Euronext is pursuing its European strategy with the project to acquire Oslo Børs VPS, to reach another milestone in its value creation strategy and to fulfill its mission to finance the real economy in Europe. The Group is committed to deploy its capital and to analyze further acquisitions to expand its decentralized model in Europe and diversify its revenue profile.