Earnings release
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1876 ATHEX Athens Stock Exchange Press Release 29 November 2021 - Nine month 2021 financial results Revenue increases by 22.2 % ; € 7.0m net after tax earnings Turnover in the nine months of 2021 for the Athens Exchange Group was € 27.0 million compared to € 22.1m in the corresponding period last year , increased by 22.2 % . In the 3rd quarter of 2021 , the consolidated turnover was € 8.6m compared to € 6.9m in the corresponding period last year , increased by 24.6 % . 48 % of the turnover of the Group is from fees on trading , clearing and settlement of trades on the Athens Exchange , posting a € 1.2m change compared to the corresponding period in 2020 , i.e. a 10.2 % increase . 24 % of the turnover concerns revenue based mainly on the capitalization of the market , which increased by € 2.0m compared to the corresponding period last year ( + 46.3 % ) , mainly due to the increase in the size of the market as well as to the new issues . Lastly , 28 % of the turnover comes from services and data provided by the Group , which posted a € 1.7m increase ( + 28.5 % ) compared to the nine months of 2020 , mainly due to the services to other entities in Greece and abroad that are licensed market operators . It is noted that in the nine months of 2021 the Average Daily Value of Transactions was € 73.7m , increased by 16.2 % compared to the nine months of 2020 ( € 63.4m ) , and the average capitalization of the Greek capital market increased by 25.4 % compared to the average capitalization of the nine months of 2020 ( € 59.7 billion vs. € 47.6bn ) . The Athens Stock Exchange General Index was up 38.5 % at the end of the nine months of 2021 compared to the end of the corresponding period last year . Total operating expenses including ancillary services in the nine months of 2021 were € 15.1m compared to € 14.6m in the corresponding period last year , increased by 3.4 % , while in the 3rd quarter of 2021 they amounted to € 4.9m compared to € 5.2m in the 3rd quarter of 2020 , reduced by 5.8 % . As a result of the above , the Earnings before Interest , Taxes , Depreciation and Amortization ( EBITDA ) in the nine months of 2021 were € 10.9m , increased by 67.7 % compared to € 6.5m in the corresponding period in 2020 , while in the 3rd quarter they amounted to € 3.4m compared to € 1.5m in the corresponding period last year , increased by 126.7 % . The consolidated Earnings Before Interest and Taxes ( EBIT ) in the nine months of 2021 amounted to € 7.6m vs. € 3.3m in the nine months of 2020 , increased by 130.3 % ; in the 3rd quarter they amounted to € 2.3m compared to € 0.4m . In the nine months of 2021 , the consolidated net after tax earnings of the Group amounted to € 7.0m compared to € 2.5m in the nine months of 2020 , increased by 180.0 % . In the 3rd quarter , the consolidated net after tax earnings amounted to € 1.9m compared to € 0.3m . 110 Athinon Ave , 10442 Athens Greece , tel +30 210 3366800 | GEMI 3719101000