Net income rises 17% and revenue exceeds expectations

  • Euronext reports better-than-expected rise in net income for 2023
  • Revenue growth in non-volume related businesses and fixed income and power trading
  • Net income rose 17% to 513.6 million euros
  • Adjusted earnings before interest, depreciation and amortization edged up to 864.7 million euros
  • 2023 revenue at 1.47 billion euros
  • Annual operating expenses below previous guidance
  • Proposed dividend of 2.48 euros, a 12% increase on 2022

Euronext, the pan-European market exchange, has reported a better-than-expected rise in net income for 2023. The company saw revenue growth in its non-volume related businesses and in its fixed income and power trading, which offset negative foreign-exchange impacts and a softer cash trading environment. Net income rose 17% to 513.6 million euros, surpassing the company-compiled consensus estimate. Adjusted earnings before interest, depreciation and amortization also increased to 864.7 million euros, beating consensus expectations. The company reported 2023 revenue at 1.47 billion euros, in line with expectations. Additionally, Euronext announced that annual operating expenses were below previous guidance and proposed a dividend of 2.48 euros for the year, representing a 12% increase from 2022.

Companies Public: Euronext (EURONEXT)
Key People: Elena Vardon (Author)

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Factuality Level: 8
Factuality Just: The article provides specific financial figures and compares them to estimates, indicating a level of accuracy. However, it does not provide any sources for the information, so there is a slight possibility of inaccuracy.
Noise Level: 7
Noise Just: The article provides financial information about Euronext’s net income, revenue, and expenses for 2023. However, it lacks context and analysis of the factors driving these numbers. It also does not explore the consequences of Euronext’s performance on stakeholders or provide actionable insights.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The article pertains to the financial performance of Euronext, a pan-European market exchange. It reports a better-than-expected rise in net income for 2023, driven by revenue growth in non-volume related businesses and fixed income and power trading. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com