Euronext Reports Strong Q4 2024 Results

Euronext reports strong Q4 2024 results, with FX trading revenue up 27.7% and total revenue reaching €415.8M. Adjusted EBITDA rises 16.7% to €252.6M.

Key Points:

• Euronext’s Q4 2024 FX trading revenue grew by 27.7%, reaching €8.5 million.
• Adjusted EBITDA increased by 16.7% to €252.6 million, with a margin of 60.7%.

Euronext has announced its fourth-quarter and full-year 2024 results, showing strong growth across key business segments.

FX trading revenue surged to €8.5 million in Q4 2024, marking a 27.7% increase compared to the same period in 2023. Favorable market volatility and commercial expansion drove this growth. FX trading revenue reached €31.7 million on a full-year basis, up 24.2% from 2023.

Euronext Reports Strong Q4 2024 Results

Total revenue and income for Q4 2024 stood at €415.8 million, reflecting an 11.1% rise year-over-year. Record-breaking fixed-income trading performance, strong non-volume-related business results, and contributions from Euronext Clearing’s European expansion fueled this increase.

Euronext’s adjusted EBITDA climbed to €252.6 million, up 16.7% from Q4 2023, with a 60.7% margin—an improvement of 2.9 percentage points. On a like-for-like basis, adjusted EBITDA rose by 16.4% to €251.5 million, demonstrating solid operational efficiency.

Net income attributable to parent company shareholders grew by 10.8% to €144.6 million, resulting in an EPS of €1.40 (basic). Adjusted net income rose by 16.3% to €172.3 million, with an adjusted EPS (basic) of €1.66.

Euronext generated €175.0 million in net cash flow from operating activities during Q4 2024. Despite a decline in Q4 2023 due to working capital changes, cash flow remained strong, covering 64.3% of EBITDA when adjusted for clearing-related activities.

The company has proposed a dividend of €292.8 million, representing 50% of 2024 net income. This marks a 14.0% increase compared to the previous year and aligns with Euronext’s dividend policy.

With robust earnings growth and strong financial performance, Euronext continues to solidify its position as a leading player in the European capital markets.

Also, visit the Stock Broker Talks website for more insights and Reviews.