Euronext reports record results for the first 3 quarters of 2006. Thanks to high levels of trading activity since the beginning of the year, Euronext revenues amounted to a historical high of €820.0m in the first nine months of 2006, compared to €695.5m (+17.9%) during the same period in 2005. For the third quarter, Q3 2006 outperformed revenues in Q3 2005 by 11.9%, making it the highest third quarter ever.
During the first nine months of the year, recurring expenses were kept stable. Euronext booked €36.1m of specific advisory costs related to the corporate deals, leading to an increase in overall expenses of 8%.
The EBITA rose by 38.5% compared to 2005 to reach €312.6m with an EBITA margin of 38.1%, compared to 32.4% in 2005.
Total income from financial investments and participations increased strongly. Net financing income was up by 22.6%. As already reported, a capital gain of €15.5m was booked in relation to the sale of CIK to Euroclear on 1 January 2006. Income from associates more than tripled compared to last year; it totalled €35.1m, mainly due to LCH.Clearnet and Atos Euronext Market Solutions for €25.4m and €8.7m respectively.
As a result, the profit before tax jumped from €253.3m to €373.7m (+47.5%) during the first three quarters of 2006 and the net profit attributable to shareholders of the parent company showed a very strong uplift by 62.2% at €271.1m, which results to a diluted earnings per share of €2.42 (+60.3% compared to diluted EPS in Q3 2005).
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