Report
Julian Dobrovolschi

Euronext : Model update post Q2 2024 results, TP and Outperform reiterated

>Small adjustments to our forecasts, CMD on 8-9 November the next catalyst - We apply small adjustments to our 2024-2026 forecasts following the release of Q2 2024 figures. We marginally increase our top-line (20bps) and adjusted EBITDA (40bps) in 2024, however we lower our EPS to shareholders by 30bps after stepping up the minority interest line by € 10m (mostly due to strong performance at MTS). Our 2025 and 2026 estimates remain broadly unchanged. We see further up...
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

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