Euronext: Q1 earnings down.

(CercleFinance.com) - Euronext has reported Q1 earnings that are down 9% at 43.
9 million euros over the first three months of 2017, i.e. 63 cents per share, with operating profit excluding extraordinary items that is down 2% at 66.7 million euros.

The EBITDA margin of the pan-European stock exchange group slipped 1.1% to 55.7% on revenues that were flat at 126.6 million euros, despite a reduction in trading volumes - both on the cash and derivatives markets.

Euronext added that the growth initiatives associated with its strategic plan “Agility for Growth” generated revenues of 1 million euros, with 1.8 million euros in costs over the first quarter.

In addition, the group has announced that it is introducing a floor in its current dividend policy, so as to “deliver a minimum shareholder remuneration... and reduce any possible dividend volatility.”


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