Euronext NV reported first-quarter net income group share of €57.3 million, up from €43.9 million in the same period in 2017.
The Netherlands-based pan-European stock exchange operator said its first-quarter results reflected good operating performance, reduced exceptional items and the first contribution from its stake in LCH SA. EPS amounted to 82 cents, up from 63 cents in the first quarter of 2017.
Euronext reported revenues of €146.7 million, up from €126.6 million on a yearly basis, helped by the return of volatility in the company's markets and a supportive macro environment. Listing revenue dropped year over year to €18.0 million from €18.8 million, while trading revenue rose to €71.5 million from €56.8 million.
Operating expenses excluding depreciation and amortization amounted to €58.5 million in the first quarter, up year over year from €56.1 million. Depreciation and amortization costs also increased to €5.2 million from €3.8 million.
The company booked €1.0 million in exceptional items, down from the year-ago €3.1 million, which was related to the potential acquisition of LCH.
