Euronext : Q4 2023 slightly better, 2024 revenue growth a mix of pricing and cyclical tailwinds; November 2024 CMD the next catalyst
>Q4 2023 underlying figures show small beats, significant net profit uplift due to two one-off elements - Euronext’s Q4 2023 print showed business resilience, with underlying figures slightly ahead of consensus. Revenue was 1% above, adjusted Op. profit was 6.2% above, and net profit was 11.2% above. On a reported basis, however, IFRS Op. profit missed consensus by 3.1%, penalised by higher one-off integration charges linked to ENX Clearing expansion and a higher D&A ...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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