Euronext : All-time-high revenue and further track-record in cost discipline leading to a beat of 7.0% to adjusted EBITDA
>Conclusion: key P&L figures ahead of consensus by a low-to-mid single digit - ENX came out with a solid set of Q1 2024 figures last evening. The company reported record-high revenue in the quarter of € 401.9m, 2.1% ahead of consensus, and a net profit of € 139.7m, 3.6% ahead of consensus. We think the market will appreciate again the exemplar cost management in the quarter, which ENX realised in a still somewhat elevated inflationary period. Company leverage declined...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.
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.
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