Euronext Sees 27% 2021 Revenue Jump with Borsa Italiana Integration

Euronext, a pan-European market infrastructure provider, reported a 46.9 percent increase in its yearly revenue for 2021 on Thursday, taking the figure to almost €1.3 billion. This was mostly contributed by the €337.7 million generated by Borsa Italiana, which the Group acquired last year.

The trading revenue of the platforms operated by the Group came in at €465.3 million, which is an increase of 27.4 percent. Non-volume-related revenue contributed 55 percent to the total yearly revenue of the Group.

Post-trade services brought in €320.6 million, whereas advanced data services revenue came in at €183.6 million. These went up by 80.9 percent and 32.1 percent, respectively. The post-trade segment benefited from the consolidation of Euronext Securities Milan and the clearing activities of Euronext Clearing. Additionally, the listing revenue increased by 30.4 percent to €189.7 million.

In addition, the Group highlighted that the figures of the fourth quarter of the year touched the record at €370.1 million as revenue and income, which is a 59.5 percent increase year-over-year. It was mostly driven by post-trade and trading activities.

Euronext’s EBITDA for the year came in at €752.8 million, which is 44.8 percent higher than the previous year and with a margin of 58 percent. With all these, the Group reported a net income of €413.3 million, which is 31 percent higher than 2020. The adjusted earnings per share jumped by 17.2 percent to €5.35.

2022 Ambitions

Euronext is now focused on adjusting its operating expenses for the first quarter of 2022 and is expecting the yearly operating costs to be around €622 million.

“We maintained a strong costs control, that allowed the Group to report better costs than its 2021 costs guidance,” said Stéphane Boujnah, the CEO and Chairman of Euronext. “As we enter 2022, all the Euronext teams are more than ever committed to [building] the leading market infrastructure in Europe to shape capital markets for future generations.”