Reuters
Euronext posts record revenue, improves cost guidance
“Including the consolidation of the Borsa Italiana Group, Euronext delivered more than 50% growth year on year in reported revenue, adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) and adjusted net income,” Chief Executive Officer Stephane Boujnah said in a statement. As the integration of the Milan bourse, which Euronext bought in a 4.4 billion euro ($4.6 billion) deal last year, progressed, the stock exchange operator reduced 2022 underlying costs expectations to 612 million euros and the amount of 2024 cumulated implementation costs to 150 million. The acquisition also led Euronext to achieve 15.2 million euros cumulated run-rate annual synergies and incur 31.4 million of cumulated implementation costs at the end of the quarter.
