Euronext Beats Earnings Forecasts on Trading and M&A
Euronext reported a 17 percent rise in adjusted EBITDA to 343.2 million euros for the first quarter, exceeding analyst expectations. Growth was driven by increased market volatility, record non-volume business, and the successful consolidation of the Athens Stock Exchange.
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EURONEXT NV reported first-quarter adjusted EBITDA rose 17% to 343.2 million euros, exceeding analyst forecasts of 324.5 million euros. The result reflects stronger trading volumes and the full consolidation of the Athens Stock Exchange acquired in November. Diversification into non-volume businesses like post-trade services is insulating the exchange operator from shifting market volatility.
