Q4 2024 Euronext NV Earnings Call Transcript
Key Points
- Euronext NV (EUXTF) delivered double-digit topline growth in Q4 and for the full year 2024, driven by business model diversification and clearing house expansion.
- The company exceeded EUR1 billion in adjusted EBITDA for the first time, showcasing operational excellence and cost discipline.
- Full-year 2024 adjusted EPS grew by nearly 20% year-on-year, reaching EUR6.59 per share.
- Euronext NV (EUXTF) announced the acquisition of Nasdaq's Nordic Power Future business, expected to enhance its market position in the Nordic and Baltic regions.
- The company launched innovative financial derivatives, including cash-settled Mini Futures on European government bonds, set to be available for trading in September 2025.
- 2025 is projected to be an investment year, with increased costs expected to support strategic growth projects.
- The company faces currency headwinds, particularly from the depreciation of the Norwegian kroner, impacting listing revenue growth.
- Despite strong overall performance, the clearing revenue showed relative weakness compared to trading volumes in Q4.
- There is uncertainty regarding the cost implications of transitioning to a T+1 settlement cycle by 2027, as indicated by the European Commission.
- The integration of Nasdaq's Nordic Power Future business may involve additional costs, although these are expected to be minimal.
Good morning ladies and gentlemen. We're awaiting the arrival of additional participants, and we will be starting shortly. We thank you for your patience and please continue to hold. Thank you.
Good morning and welcome to the Euronext Q4 and full year 2024 results. My name is George. I'll be your coordinator for today's event.
Please note that this call is being recorded and for the duration of the conference, your lines should be listen-only mode. However, you'll have the opportunity to ask questions towards the end of the presentation, and this can be done by pressing one on your telephone keypad to register your question. (Operator Instructions)
And I'll hand you over to your host today, Mr. Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext. Please go ahead, sir.
Good morning, everybody, and thank you for joining us, this morning for the Euronext fourth quarter and full year 2024 results conference call and webcast. I am,
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