Euronext : Solid beat to the bottom line of 8.1%, however cautious on 2023-2027e financial targets
>Q3 results bang in-line on revenue, however material beat to the bottom line - ENX came out with Q3 results which were bang in-line with consensus forecast on revenue (€ 396.3m), however 8.1% ahead of net profits (€ 159.5m) which is strong. The company also announced € 300m in buybacks (12 months program). Revenue grew 10% YoY driven by a strong pick-up in the volume business (i.e. trading). On balance, the revenue mix has positives and negatives, with positives stem...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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