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Investing.com -- Euronext reported a record second-quarter revenue of €465.8 million, up 12.8% from a year earlier, driven by strong market conditions, growth in non-trading services, and higher trading volumes amid market volatility.
Adjusted net income rose 23.8% to €204.4 million, while adjusted earnings per share climbed 27% to €2.02. Adjusted EBITDA increased 15.8% to €297.3 million, with a margin of 63.8%.
Non-volume-related businesses accounted for 58% of total revenue and included growth in Securities Services and Capital Markets and Data Solutions.
Revenue from Securities Services rose 6.5% to €86.2 million, while Capital Markets and Data Solutions grew 12% to €165.4 million, partly helped by the acquisition of Admincontrol in May.
Trading activity also contributed to the results. Fixed income, currency, and commodity markets revenue rose 20.1% to €87.7 million, while equity markets revenue increased 9.5% to €106.2 million, both supported by high market volatility earlier in the quarter.
Euronext (EPA:ENX) maintained its full-year cost guidance, with underlying operating expenses excluding depreciation and amortisation at €168.4 million, up 7.9% year-on-year.
Net debt stood at 1.8 times adjusted EBITDA, within the company’s target range, reflecting the Admincontrol acquisition and dividend payout during the quarter.