Euronext: Q3 above expectations

(CercleFinance.com) - On Monday Euronext reported Q3 2018 net profit that is up 31.
6% at 50.5 million euros, or 0.73 euro per share. Adjusted EPS reached 0.85 euro, thus exceeding the consensus by seven cents.

The group saw its Ebitda increase 26.4% to 87.8 million euros, a 4.2-point improvement in its margin to 58.2% for growth from 17.2% to 150.9 million euros, which was in particular boosted by the consolidation of Euronext Dublin and FastMatch.

"Euronext EBITDA margin over the last twelve months reached for the first time, and one year in advance, the 61% level of our 61 to 63% 2019 EBITDA margin target," said CEO Stéphane Boujnah, who also highlighted sound progress in Euronext's cost savings.



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