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Euronext Q1 profits jump

Source: Euronext

Today Euronext NV reports its results for the first quarter of 2006.

HIghlights

Revenues increased: by 20.5% to €268.1m

Costs well under control: decrease of 0.2%, to €158.4m

EBITA amounts to €109.8m, up 72%

EBITA margin at 40.9% (versus 28.7%)

Net Profit* of €107.1m, up 136.6%

Net Profit* of €107.1m, up 136.6%

Good market activity enabled the company to achieve record revenues and results: revenues reached €268.1m, up 20.5% on the €222.6m realised last year. Euronext's decision to concentrate all its IT operations in its joint-venture AEMS and the end of its migration programme led to a reduction in costs: overall quarterly costs decreased by 0.2%, to €158.4m. The combination of strong revenue growth and continued cost-cutting delivered a record quarterly EBITA of €109.8m, representing a margin of 40.9% (compared to 28.7% for the same quarter last year).Download the document now 172.4 kb (Adobe Acrobat Document)