Report
Julian Dobrovolschi

Euronext : A new perspective on cash trading and some food for thought on buybacks

>Preview Q2 2023: a mild quarter, subdued due to volume business - ENX is set to publish its Q2 results on 27 July, after trading. For Q2, we forecast revenue of € 350.7m, down 6.4% YoY. We believe the volume business was the main headwind in the quarter. Volumes looks to be weak, most notably in the cash trading business (17% QoQ), but supported a bit by yields rising by 0.52bps due to re-pricing of Borsa Italiana members. Non-volume business has been much more resi...
Underlying
Euronext NV

Euronext is a cross-border exchange. Co. operates combined regulated markets across Belgium, France, the Netherlands, Portugal and the United Kingdom (derivatives only). Co. offers a range of integrated services including the listing of financial instruments, trading in securities and derivatives, clearing, netting and settlement, market data dissemination and IT solutions and support. Co.'s customers include listed companies, members, institutional and individual investors who trade on Co. markets, other organizations, notably exchanges that use its technologies and services, and users of the financial and information generated by market activity.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Julian Dobrovolschi

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch