Earnings release
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Contacts Media Amsterdam EURONEXT Dublin Milan Paris ■ ■ +31 20 721 4133 +353 1 617 4249 +39 02 72 42 62 12 +33 1 70 48 24 45 Brussels Lisbon Oslo Euronext publishes Q3 2021 results Strong revenue growth , driven by double digit organic growth in listing , trading and clearing activities , and significant contribution of the Borsa Italiana Group . +32 2 620 15 50 +351 210 600 614 +47 22 34 19 15 Amsterdam , Brussels , Dublin , Lisbon , Milan , Oslo and Paris 4 November 2021 Euronext , the leading pan - European market infrastructure , today publishes its results for the third quarter of 2021 . ■ Revenue and income at € 350.6 million ( + € 145.8 million , + 71.2 % , + 10.2 % like - for - like¹ ) : Borsa Italiana Group contributed € 121.1 million to revenue for full quarter of consolidation . Trading revenue grew to € 124.2 million ( + 63.6 % ) , primarily driven by the consolidation of Borsa Italiana capital markets , as well as increased cash equity volumes combined with strong yield . Fixed income trading revenue increased to € 23.8 million , driven by double digit growth in MTS cash trading activities . Post - trade revenue grew to € 83.1 million ( + 86.2 % ) , mainly due to the consolidation of the Italian CSD , Monte Titoli , and of the clearing activities of the Italian CCP , CC & G . Custody and settlement revenue growth in the Nordic CSDs was less dynamic than previous quarters reflecting notably normalised levels of retail activity . Clearing revenue increased to € 27.5 million . Net treasury income generated by CC & G was € 12.9 million . Advanced Data Services revenue grew to € 49.8 million ( + 44.3 % ) due to robust index and core data businesses and the consolidation of the Borsa Italiana Group data activities . Listing revenue grew to € 50.8 million ( + 42.1 % ) , resulting from strengthened leading position for the listing of equities , with 51 listings , and of ETFs , together with the continued growth of Euronext Corporate Services , and the consolidation of the Borsa Italiana Group . Non - volume related revenue accounted for 55 % of Q3 2021 total revenue ( vs 54 % in Q3 2020 ) and covered 131 % of operating expenses , excluding D & A ( vs. 128 % in Q3 2020 ) . EBITDA at € 203.0 million ( + € 85.3 million , + 72.4 % , + 13.7 % like - for - like ) , EBITDA margin at 57.9 % ( + 0.4pts ) ; EBITDA margin like - for - like at 60.4 % ( + 1.8pts ) : Revenue Operational expenses excluding D & A EBITDA EBITDA margin PRESS RELEASE Operating expenses , excluding D & A , grew to € 147.6 million ( + 69.5 % ) as a result of the consolidation of costs from acquired businesses , for € 54.8 million , and costs related to the integration of the Borsa Italiana Group , as previously announced . Contact Investor Relations +33 1 70 48 24 27 Reported net income , share of the parent company shareholders , at € 115.8 million ( + € 45.6 million , + 64.9 % ) : Exceptional items were € 2.0 million and net financing expenses were € 7.3 million . Results from equity investments amounted to € 11.8 million mainly resulting from a received dividend of € 9.2 million . Income tax rate was 29.0 % . Adjusted EPS² at € 1.21 ( + 18.1 % ) ³ . Key figures - in € m , unless stated otherwise Net income , share of the parent company shareholders EPS ( non - diluted , reported , in € ) EPS ( diluted , reported , in € ) EPS ( non - diluted , adjusted , in € ) EURONEXT Q3 2021 350.6 ( 147.6 ) 203.0 57.9 % 115.8 1.08 1.08 1.21 Q3 2020 204.8 ( 87.1 ) 117.8 57.5 % 70.2 0.92 0.92 1.02 % change + 71.2 % + 69.5 % + 72.4 % + 0.4pt + 64.9 % + 17.1 % + 17.2 % + 18.1 % 3 Weighted average number of shares at 92,447,841for 9M 2021 , 9M 2020 outstanding shares adjusted for the rights issue to 76,120,331 shares Unless specified otherwise , percentages refer to Q3 2021 data compared to Q3 2020 data % change ( like - for - like , constant currencies ) + 10.2 % + 5.3 % + 13.7 % ¹ Like for like revenue at constant currencies exclude in Q3 2020 and Q3 2021 VP Securities ( until 4 August ) , the Borsa Italiana Group , 3Sens , Ticker , OMS and Centevo as well as related integration costs 2 Definition in appendix + 1.8pt | 1 of 19