Irish stock exchange gives a boost to Euronext

  • Irish stock exchange gives a boost to Euronext
    Independent.t. E.
    The Paris stock exchange euronext, which took over earlier this year on the Irish stock exchange, reported a 14.6 PC increase in company € 157.3 m in the three months to June 30.
    https://www.independent.ie/business/irish/irish-stock-exchange-gives-boost-to-euronext-37183349.html
    https://www.independent.ie/business/article37183378.ece/0fbe5/AUTOCROP/h342/32IrishStock.JPG

  • Email

The Paris stock exchange euronext, which took over earlier this year on the Irish stock exchange, reported a 14.6 PC increase in company € 157.3 m in the three months to June 30.

The performance contributed to the consolidation of euronext in Dublin and a constant focus on costs, the company reported second-quarter results yesterday.

Euronext in Dublin was acquired in a deal worth €137m in March. It is within three months before the end of June, contributed €8.7 million of the group’s revenue.

Profit before interest, tax, depreciation and amortization across the group amounted to 88.6 m for the three months for 12 more pieces compared to the same period last year. However, the profit margin of the group at 56.3 PC, dropping for the second quarter of 2017.

The group’s expenses increased due to acquisitions, including euronext in Dublin and FastMatch, as well as transaction costs, says the company.

Overall, however, the main business costs “Euronext” was launched.

“The second quarter showed the first installment of Exchange Dublin, that diversifies our profile, LTD, strengthens our directory of franchises and positions the Exchange as the world’s leading platform for listing for debt,” stéphane Boujnah, managing Director and Chairman of euronext, said.

“Our team is now working on the integration, which is carried out in accordance with the plan.”

Despite the relatively little known, compared to trading stocks, there are over 36,700 individual securities of the 90 countries listed in Ireland, making it a European and even world significance, while the stock exchange itself is largely for the domestic market.

Online Business Classes