Euronext announces the sale of Oslo Market Solutions
| Contacts Media | Contact Investor Relations | |||
| Amsterdam | Brussels | 27 | ||
| Dublin | Lisbon | 4 | ||
| Milan | 12 | Oslo | ||
| Paris | 45 | |||
Euronext announces the sale of Oslo Market Solutions
Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 04 June 2021 – 18.00 CET – Euronext today announced that it has completed the sale of Oslo Market Solutions (“OMS”) to Infront, a leading European provider of financial market solutions. OMS is an online market data, investor relations, portfolio and trading solutions provider in the Nordic region and was acquired in 2019 as part of the acquisition of Oslo Børs VPS. OMS generated c. €3.3 million of revenue in 2020.
The sale of OMS was implemented in the context of the conclusion of a strategic review initiated following the integration of Oslo Børs VPS and the decision to divest from non-core activities.
Euronext will continue to work in close collaboration with OMS to continue delivering best-in-class services to its clients.
Based on Euronext 2020 full-year results, the sale of OMS would account for an increase of c.+0.2 pts to Euronext EBITDA margin. This will translate in 2021 as an additional cost reduction compared to the mid-single digit decrease in operating costs exc. D&A expected in 20211.
| CONTACTS MEDIA – | ||
| Aurélie Cohen (Europe/Paris) | 45 | |
| ANALYSTS & INVESTORS – | ||
| Aurélie Cohen | 27 | |
| Clément Kubiak | 33 | |
About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,900 listed issuers worth €5.6 trillion in market capitalisation as of end March 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal.
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1 2021 cost guidance for Euronext was published on 10 February 2021 in the Full Year 2020 results press release, available at /investors
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