Euroclear’s Operating Income Increases 9% YoY in 2021

The Belgium-based financial services provider, Euroclear published its financial results for the year ended 31 December 2021 today. The group saw record growth across different metrics, including net profit, operating income and assets under custody.

Euroclear’s net profit reached EUR 467 million in 2021, which is 8% higher compared to 2020. Operating income and business income grew 9% and 15%, respectively. In terms of assets under custody, the number touched EUR 37.6 trillion.

In 2021, Euroclear took a major hit in interest, banking and other income as the number declined 40% YoY to EUR 90 million. Earnings per share (EPS) increased 7% to EUR 147.0 per share.

“2021 represents a significant milestone for the group as we have now exceeded many of the key financial targets that we set out in our five-year plan to 2023, two years ahead of our expectations. When we first set out our five-year business strategy, we set out a target to reach a business income margin in the low-to-mid 30% range. We outlined that we consider business income margin the best metric to assess the strength of our business activities,” Lieve Mostrey, the Chief Executive Officer, Euroclear, commented.

To expand its team, Euroclear announced the appointment of Michal Paprocki as its new Chief Information Officer in November last year.

Business Growth

In September 2021, Euroclear announced the acquisition of MFEX Group. Going forward, the group is planning to accelerate its growth through a wide range of business expansion activities.

“Given the excellent performance delivered in 2021, management and the board are now focused on strengthening our strategy and will outline new ambitious targets for the years ahead. We expect to be able to announce more details in the second quarter. As we look forward, we see opportunities to extend our customer proposition to support the financial industry’s needs for safe and sustainable digital infrastructure,” Mostrey added.