Euronext, a European exchange group, is one of the best performing companies in the world during the third quarter of the fiscal year. According to their report, their revenue for the third quarter increased more than ten percent compared to the previous ones.
The revenue raise of Euronext is said to be due to the sustained listing activity of the firm. Their cash trading and market data’s strong turnover is also a huge factor on the increase of their revenue.
The company released a statement with regard to their third quarter revenue. The company operates in the cities of Amsterdam, Brussels, Lisbon, London and Paris. All in all, its total third quarter revenue amounts to 112.3 million euros. It is a lot higher compared to the 101.9 million euros that they got last year of the same quarter.
The operating profit before exceptional items of Euronext for this quarter reaches to 50 million euros. It is up by 19.9 percent when it comes to adjusted basis.
According to Euronext, they have already achieved almost 30 million euros of cost savings. They also added that they are 18 months ahead of their schedule when it comes to delivering their cost saving goal of 60 million euros.