Strong revenue growth, driven by double digit organic growth in listing, trading and clearing activities, and significant contribution of the Borsa Italiana Group.
- Revenue and income at €350.6 million (+€145.8 million, +71.2%, +10.2% like-for-like1):
Borsa Italiana Group contributed €121.1 million to revenue for full quarter of consolidation.- Trading revenue grew to €124.2 million (+63.6%), primarily driven by the consolidation of
Borsa Italiana capital markets, as well as increased cash equity volumes combined with strong yield. Fixed income trading revenue increased to €23.8 million, driven by double-digit growth in MTS cash trading activities. - Post-trade revenue grew to €83.1 million (+86.2%), mainly due to the consolidation of the Italian CSD,
Monte Titoli , and of the clearing activities of the Italian CCP, CC&G. Custody and settlement revenue growth in the Nordic CSDs was less dynamic than previous quarters reflecting notably normalised levels of retail activity. Clearing revenue increased to €27.5 million. Net treasury income generated by CC&G was €12.9 million. - Advanced Data Services revenue grew to €49.8 million (+44.3%) due to robust index and core data businesses and the consolidation of the
Borsa Italiana Group data activities. - Listing revenue grew to €50.8 million (+42.1%), resulting from strengthened leading position for the listing of equities, with 51 listings, and of ETFs, together with the continued growth of
Euronext Corporate Services, and the consolidation of theBorsa Italiana Group . - Non-volume related revenue accounted for 55% of Q3 2021 total revenue (vs 54% in Q3 2020) and covered 131% of operating expenses, excluding D&A (vs. 128% in Q3 2020).
- EBITDA at €203.0 million (+€85.3 million, +72.4%, +13.7% like-for-like), EBITDA margin at 57.9% (+0.4pts); EBITDA margin like-for-like at 60.4% (+1.8pts):
- Operating expenses, excluding D&A, grew to €147.6 million (+69.5%) as a result of the consolidation of costs from acquired businesses, for €54.8 million, and costs related to the integration of the
Borsa Italiana Group , as previously announced.
- Operating expenses, excluding D&A, grew to €147.6 million (+69.5%) as a result of the consolidation of costs from acquired businesses, for €54.8 million, and costs related to the integration of the
- Reported net income, share of the parent company shareholders, at €115.8 million (+€45.6 million, +64.9%):
- Exceptional items were €2.0 million and net financing expenses were €7.3 million.
- Results from equity investments amounted to €11.8 million mainly resulting from a received dividend of €9.2 million.
- Income tax rate was 29.0%.
- Adjusted EPS2 at €1.21 (+18.1%)3.
Key figures - in €m, unless stated otherwise | Q3 2021 | Q3 2020 | % change | % change (like-for-like, constant currencies) |
Revenue | 350.6 | 204.8 | +71.2% | +10.2% |
Operational expenses excluding D&A | (147.6) | (87.1) | +69.5% | +5.3% |
EBITDA | 203.0 | 117.8 | +72.4% | +13.7% |
EBITDA margin | 57.9% | 57.5% | +0.4pt | +1.8pt |
Net income, share of the parent company shareholders | 115.8 | 70.2 | +64.9% | |
EPS (non-diluted, reported, in €) | 1.08 | 0.92 | +17.1% | |
EPS (diluted, reported, in €) | 1.08 | 0.92 | +17.2% | |
EPS (non-diluted, adjusted, in €) | 1.21 | 1.02 | +18.1% |
“In the third quarter of 2021,
We confirmed again this quarter Euronext’s position as the leading listing venue in Europe, for equity, debt and ETFs. We welcomed 51 new equity listings, including 21 Tech companies IPOs, and 97 new ETFs. We launched mid-October, together with Borsa Italiana, the MIB ESG index, the first ESG blue-chip index for
We are pleased to welcome
Euronext’s new strategic plan, including 2024 financial guidance, will be presented on 9 November in
In €m, unless stated otherwise The figures in this document have not been audited or reviewed by our external auditor. | Q3 2021 | Q3 2020 | % change | % change (like-for-like, constant currencies) |
Revenue and income | 350.6 | 204.8 | +71.2% | +10.2% |
Listing | 50.8 | 35.8 | +42.1% | +11.7% |
Trading revenue | 124.2 | 75.9 | +63.6% | +11.5% |
o/w Cash trading | 75.0 | 52.5 | +42.7% | +17.0% |
o/w Derivatives trading | 13.5 | 10.8 | +25.9% | +2.6% |
o/w Fixed income trading | 23.8 | 0.5 | n/a | -18.7% |
o/w Spot FX trading | 5.6 | 5.8 | -4.2% | -3.4% |
o/w Power trading | 6.3 | 6.3 | -0.0% | -3.3% |
Investor Services | 2.1 | 2.0 | +9.3% | +24.0% |
Advanced Data Services | 49.8 | 34.5 | +44.3% | +4.5% |
Post Trade | 83.1 | 44.6 | +86.2% | +11.4% |
o/w Clearing | 27.5 | 14.9 | +85.3% | +14.8% |
o/w Custody, Settlement and other Post-trade | 55.6 | 29.8 | +86.7% | +8.7% |
24.4 | 11.9 | +104.3% | +6.8% | |
Net treasury income through CCP Business | 12.9 | 0.0 | n/a | n/a |
Other income | 0.8 | 0.0 | n/a | n/a |
Transitional revenue | 2.3 | 0.0 | n/a | n/a |
Operational expenses excluding D&A | (147.6) | (87.1) | +69.5% | +5.3% |
o/w Salaries and employee benefits | (72.9) | (48.3) | +51.0% | +9.6% |
o/w Other expenses | (74.7) | (38.8) | +92.6% | +0.1% |
EBITDA | 203.0 | 117.8 | +72.4% | +13.7% |
EBITDA margin | 57.9% | 57.5% | +0.4pt | +1.8pt |
Depreciation & amortisation | (37.9) | (15.4) | +145.8% | -2.7% |
Operating profit before exceptional items | 165.1 | 102.3 | +61.3% | +16.0% |
Exceptional items | (2.0) | (3.5) | -43.2% | |
Operating profit | 163.1 | 98.8 | +65.1% | |
Net financing income / (expense) | (7.3) | (3.4) | +113.8% | |
Results from equity investments | 11.8 | 1.8 | +543.1% | |
Profit before income tax | 167.6 | 97.2 | +72.4% | |
Income tax expense | (48.5) | (25.6) | +89.5% | |
Share of non-controlling interests | (3.2) | (1.4) | +135.0% | |
Net income, share of the parent company shareholders | 115.8 | 70.2 | +64.9% | |
Reported EPS (€ per share) | 1.08 | 0.92 | +17.1% | |
Adjusted EPS (€ per share) | 1.21 | 1.02 | +18.1% |
Revenue
In the third quarter of 2021,
Non-volume related revenue accounted for 55% of total Group revenue in Q3 2021, compared to 54% in Q3 2020, reflecting the expanded post-trade business. The operating cost coverage ratio was at 131% in Q3 2021, compared to 128% in Q3 2020.
EBITDA
Operational expenses excluding depreciation & amortisation increased to €147.6 million, up +69.5%, primarily as a result of the consolidation of the costs from the
Consequently, EBITDA for the quarter was up at €203.0 million, representing an EBITDA margin of 57.9%, up +0.4 points compared to Q3 2020, despite integration activity. On a like-for-like basis, EBITDA for Q3 2021 was up +13.7%, to €128.9 million, and EBITDA margin was 60.4%, up 1.8 points compared to the same perimeter in Q3 2020.
Net income, share of the parent company shareholders
Depreciation and amortisation accounted for €37.9 million in Q3 2021, up +145.8%, resulting mainly from the consolidation of the
Operating profit before exceptional items was €165.1 million, a +61.3% increase compared to Q3 2020. On a like-for-like basis, operating profit before exceptional items was up +16.0% compared to Q3 2020, at €115.2 million.
€2.0 million of exceptional costs were reported in Q3 2021, mainly related to the
Net financing expense for Q3 2021 was €7.3 million compared to a net financing expense of €3.4 million in Q3 2020. This increase results from the costs of the newly issued debt in relation with the financing of the acquisition of the
Results from equity investments amounted to €11.8 million in Q3 2021, reflecting a dividend received from
Income tax for Q3 2021 was €48.5 million. This translated into an effective tax rate of 29.0% for the quarter (Q3 2020: €25.6 million and 26.4% respectively), impacted by non-deductible exceptional costs.
Share of non-controlling interests mainly relating to the
As a result, the reported net income, share of the parent company shareholders, for Q3 2021 increased by +64.9% compared to Q3 2020, to €115.8 million. This represents a reported EPS of €1.08 basic and fully diluted in Q3 2021, compared to €0.92 basic and fully diluted in Q3 20204. The number of shares used was 92,447,841 for the basic calculation and 92,678,838 for the fully diluted calculation5.
Adjusted EPS is up +18.1% in Q3 2021, at €1.21 per share, compared to an adjusted EPS of €1.02 per share in Q3 2020.
In Q3 2021,
Q3 2021 Business highlights
Listing
in €m, unless stated otherwise | Q3 2021 | Q3 2020 | % change |
Listing revenue | 50.8 | 35.8 | +42.1% |
Equity | 24.6 | 16.8 | +46.6% |
Annual fees | 15.1 | 8.8 | +72.3% |
Follow-ons | 3.8 | 5.3 | -28.1% |
IPOs | 5.7 | 2.7 | +108.8% |
Debts | 9.3 | 8.4 | +10.6% |
ETFs, Funds & Warrants | 5.5 | 2.8 | +94.7% |
Corporate Services | 9.0 | 7.8 | +16.1% |
Elite and Other | 2.4 | (0.0) | n/a |
Money raised | 380,720 | 223,284 | +70.5% |
Listing revenue was €50.8 million in Q3 2021, an increase of +42.1% compared to Q3 2020, driven by record in equity listing, positive traction of ESG bond listing and the performance of
The third quarter of 2021 saw the strong primary equity listing dynamic continue, with 51 new listings on
Secondary markets reported a solid third quarter of 2021, with €39.7 billion raised in secondary equity issues, compared to €9.4 billion in Q3 2020.
Debt listing activity was solid in Q3 2021, notably supported by the continued momentum in ESG bond listing. In Q3 2021, €336.2 billion in debt was raised on Euronext’s markets, compared to €212.9 billion in Q3 2020.
In total, €380.7 billion in equity and debt was raised on Euronext’s markets in Q3 2021, compared to €223.3 billion in Q3 2020.
Trading
in €m, unless stated otherwise | Q3 2021 | Q3 2020 | % change |
Trading revenue | 124.2 | 75.9 | +63.6% |
Cash trading revenue | 75.0 | 52.5 | +42.7% |
ADV Cash market | 10,861 | 9,478 | +14.6% |
Derivatives trading revenue | 13.5 | 10.8 | +25.9% |
ADV Derivatives market (in lots) | 666,537 | 626,336 | +6.4% |
Fixed income trading revenue6 | 23.8 | 0.5 | n/a |
ADV MTS Cash | 23,388 | 14,049 | +66.5% |
TAADV MTS Repo | 281,898 | 288,618 | -2.3% |
ADV other fixed income | 673 | 949 | -29.0% |
Spot FX trading revenue | 5.6 | 5.8 | -4.2% |
ADV spot FX Market (in USDm) | 17,509 | 19,322 | -9.4% |
Power trading revenue | 6.3 | 6.3 | - |
ADV Day-ahead power market (in TWH) | 2.02 | 2.19 | -7.8% |
ADV Intraday power market (in TWH) | 0.06 | 0.07 | -10.7% |
Trading revenue on a reported basis (Q3 2020 excludes Borsa Italiana Group revenue). All trading volumes data on a pro forma basis to include the Borsa Italiana Group trading activities. 2020 data has been restated accordingly
- Cash trading
Cash trading revenue increased by +42.7% to €75.0 million in Q3 2021 as a result of the consolidation of the cash trading activities of
Over the third quarter of 2021,
On a like-for-like basis at constant currencies, cash trading revenue was up +17.0% in Q3 2021 compared to Q3 2020.
- Derivatives trading
Derivatives trading revenue increased by +25.9% to €13.5 million in Q3 2021 as a result of the consolidation of
On a like-for-like basis at constant currencies, derivatives trading revenue was up +2.6% in Q3 2021 compared to Q3 2020.
- Fixed income trading7
Fixed income trading reported revenue at €23.8 million in Q3 2021, compared to €0.5 million in Q3 2020, resulting from the consolidation of MTS. MTS reported a strong performance reflecting the continued positive momentum in cash bonds trading supported by steady issuance level in
On a like-for-like basis at constant currencies, fixed income trading revenue (solely
- FX trading
FX trading reported revenue at €5.6 million in Q3 2021, down -4.2% from Q3 2020, reflecting lower trading volumes as FX markets recorded a low volatility quarter. Over the third quarter of 2021,
On a like-for-like basis at constant currencies, Spot FX trading revenue was down -3.4% in Q3 2021 compared to Q3 2020.
- Power trading
Power trading reported €6.3 million in revenue in Q3 2021, stable compared to Q3 2020 as lower trading volumes were offset by foreign exchange impact. Over the third quarter of 2021, average daily day-ahead power traded was 2.02TWh, down -7.8% compared to Q3 2020, and average daily intraday power traded was 0.06TWh, down -10.7% compared to Q3 2020.
On a like-for-like basis at constant currencies, power trading revenue was down -3.3% compared to Q3 2020.
Investor Services
Investor Services reported revenue up +9.3% to €2.1 million in Q3 2021 reflecting its continued commercial development.
On a like-for-like basis at constant currencies, Investor Services revenue was up 24.0% compared to Q3 2020.
Advanced Data Services
Advanced Data Services revenue was €49.8 million in Q3 2021, up +44.3% from Q3 2020, driven by a dynamic index activity, resilient market data business and the consolidation of the various
On a like-for-like basis at constant currencies, Advanced Data Services revenue was up +4.5% compared to Q3 2020.
Post Trade
in €m, unless stated otherwise | Q3 2021 | Q3 2020 | % var |
Post-trade revenue and income | 96.1 | 44.6 | +115.2% |
Clearing | 27.5 | 14.9 | +85.3% |
Revenue from | 17.1 | 14.9 | +14.8% |
Revenue from CC&G | 10.5 | - | n/a |
Net treasury income through CCP business | 12.9 | - | n/a |
Custody, Settlement and other Post-trade | 55.6 | 29.8 | +86.7% |
- Clearing
Clearing revenue was up +85.3% to €27.5 million in Q3 2021, as a result of higher clearing revenue and treasury income received from
On a like-for-like basis at constant currencies, clearing revenue was up +14.8% compared to Q3 2020.
- Net treasury income
Net treasury income through the CCP business of CC&G was €12.9 million in Q3 2021.
- Custody, Settlement and other Post-trade
Custody, Settlement and other Post-trade revenue, encompassing the activities of the
Over the third quarter of 2021, the four CSDs operated by
On a like-for-like basis at constant currencies, Custody, Settlement and other Post-trade revenue was up +8.7% compared to Q3 2020.
On a like-for-like basis at constant currencies,
Corporate highlights since 30 September 2021
On
New CEO for Borsa Italiana, to further grow the business in
On
With the appointment of
The combination of
Agenda
A conference call and a webcast will be held on
Conference call:
To connect to the conference call, please dial:
+44 33 0551 0200 | NO Number: | +47 2 156 3318 | |
FR Number: | +33 1 70 37 71 66 | PT Number: | +351 3 0880 2081 |
NL Number: | +31 20 708 5073 | IR Number: | +353 1 436 0959 |
US Number: | +1 212 999 6659 | IT Number: | +39 06 83360400 |
BE Number: | +32 2 789 8603 |
Password:
Live webcast:
Webcast:
A live audio webcast and replay after the call will be available via this link and on our
CONTACTS INVESTOR RELATIONS: | ||
+33 1 70 48 24 17 | ir@euronext.com | |
+33 1 70 48 26 33 | ||
CONTACTS MEDIA: | ||
+33 1 70 48 24 45 | mediateam@euronext.com |
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Disclaimer
This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content,
© 2021,
Appendix
Non-IFRS financial measures
For comparative purposes, the company provides unaudited non-IFRS measures including:
- Operational expenses excluding depreciation and amortisation
- EBITDA, EBITDA margin.
- Non-IFRS measures are defined as follows:
- Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses
- EBITDA as the operating profit before exceptional items and depreciation and amortisation
- EBITDA margin as the operating profit before exceptional items and depreciation and amortisation, divided by total revenue and income.
Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.
Adjusted EPS definition
In €m unless stated otherwise | Q3 2021 | Q3 2020 |
Net income reported | 115.8 | 70.2 |
EPS Reported (€ per share) | 1.08 | 0.92 |
Intangible assets adj. related to acquisitions (PPA) | (20.1) | (5.4) |
Exceptional items | (2.0) | (3.5) |
Tax related to those items | 5.5 | 1.4 |
Adj. net income | 132.4 | 77.7 |
Adj. EPS (€ per share) | 1.21 | 1.02 |
Consolidated income statement
unaudited, in €m | Q3 2021 | Q3 2020 | % var | % var l-f-l |
Total Revenues and income | 350.6 | 204.8 | +71.2% | +10.2% |
Listing | 50.8 | 35.8 | +42.1% | +11.7% |
Trading revenue, of which | 124.2 | 75.9 | +63.6% | +11.5% |
Cash Trading | 75.0 | 52.5 | +42.7% | +17.0% |
Derivatives Trading | 13.5 | 10.8 | +25.9% | +2.6% |
Fixed income trading | 23.8 | 0.5 | n/a | -18.7% |
FX Trading | 5.6 | 5.8 | -4.2% | -3.4% |
Power trading | 6.3 | 6.3 | -0.0% | -3.3% |
Investor Services | 2.1 | 2.0 | +9.3% | +24.0% |
Market Data & indices | 49.8 | 34.5 | +44.3% | +4.5% |
Post-trade, of which | 83.1 | 44.6 | +86.2% | +11.4% |
Clearing | 27.5 | 14.9 | +85.3% | +14.8% |
Custody and Settlement | 55.6 | 29.8 | +86.7% | +8.7% |
Market Solutions & other revenue | 24.4 | 11.9 | +104.3% | +6.8% |
NTI through CCP business | 12.9 | - | n/a | n/a |
Other income | 0.8 | 0.0 | n/a | n/a |
Transitional revenues | 2.3 | - | n/a | n/a |
Operating expenses exc. D&A | (147.6) | (87.1) | +69.5% | +5.3% |
Salaries and employee benefits | (72.9) | (48.3) | +51.0% | +9.6% |
Other Operational Expenses, of which | (74.7) | (38.8) | +92.6% | +0.1% |
System & Communication | (25.9) | (10.1) | +155.8% | +5.5% |
Professional Services | (22.2) | (12.6) | +75.7% | -9.6% |
Clearing expense | (8.2) | (8.1) | +1.4% | +1.3% |
Accommodation | (2.6) | (2.0) | +31.8% | -1.2% |
Other Operational Expenses | (15.7) | (5.9) | +165.2% | +9.6% |
EBITDA | 203.0 | 117.8 | +72.4% | +13.7% |
EBITDA margin | 57.9% | 57.5% | +0.4pt | +1.8pt |
Depreciation & Amortisation | (37.9) | (15.4) | +145.8% | -2.7% |
Total Expenses | (185.5) | (102.5) | +81.0% | +4.1% |
Operating Profit before Exceptional items | 165.1 | 102.3 | +61.3% | +16.0% |
Exceptional items | (2.0) | (3.5) | -43.2% | |
Operating Profit | 163.1 | 98.8 | +65.1% | |
Net financing income / (expense) | (7.3) | (3.4) | +113.8% | |
Results from equity investments | 11.8 | 1.8 | +543.1% | |
Profit before income tax | 167.6 | 97.2 | +72.4% | |
Income tax expense | (48.5) | (25.6) | +89.5% | |
Non-controlling interests | (3.2) | (1.4) | +135.0% | |
Net income, share of the parent company shareholders | 115.8 | 70.2 | +64.9% | |
EPS (basic, reported, in €) | 1.08 | 0.92 | +17.1% | |
EPS (diluted, reported, in €) | 1.08 | 0.92 | +17.2% | |
EPS (basic, adjusted, in €) | 1.21 | 1.02 | +18.1% |
The figures in this document have not been audited or reviewed by our external auditor
Consolidated comprehensive income statement
In €m unless stated otherwise | Q3 2021 | Q3 2020 |
Profit for the period | 119.0 | 71.6 |
Other comprehensive income | ||
Items that may be reclassified to profit or loss: | ||
– Exchange differences on translation of foreign operations | 10.2 | (14.9) |
– Change in value of debt investments at fair value through other comprehensive income | (2.2) | - |
– Income tax impact on exchange differences on translation of foreign operations | (1.2) | 1.7 |
– Income tax impact on change in value of debt investments at fair value through other comprehensive income | 0.6 | - |
Items that will not be reclassified to profit or loss: | ||
– Change in value of equity investments at fair value through other comprehensive income | 0.0 | - |
– Income tax impact on change in value of equity investments at fair value through other comprehensive income | (0.0) | 0.1 |
– Remeasurements of post-employment benefit obligations | - | (1.4) |
– Income tax impact on remeasurements of post-employment benefit obligations | 0.0 | 1.5 |
Other comprehensive income for the period, net of tax | 7.5 | (12.9) |
Total comprehensive income for the period | 126.6 | 58.7 |
Comprehensive income attributable to: | ||
– Owners of the parent | 123.2 | 57.4 |
– Non-controlling interests | 3.4 | 1.3 |
The figures in this document have not been audited or reviewed by our external auditor.
Consolidated balance sheet
unaudited, in €m | As at 30/09/21 | As at 30/06/21 |
Non-current assets | ||
Property, plant and equipment | 87.4 | 78.7 |
Right-of-use assets | 70.2 | 72.5 |
6,117.6 | 6,125.0 | |
Deferred income tax assets | 32.8 | 33.1 |
Investments in associates and JV | 66.0 | 71.8 |
Financial assets at fair value through OCI | 228.2 | 258.4 |
Other non current assets | 3.7 | 3.8 |
Total non-current assets | 6,606.0 | 6,643.2 |
Current assets | ||
Trade and other receivables | 410.2 | 381.4 |
Income tax receivable | 9.0 | 11.1 |
Derivative financial instruments | 18.3 | 18.3 |
CCP clearing business assets | 145,089.8 | 132,243.9 |
Other short-term financial assets | 194.0 | 161.4 |
Cash & cash equivalents | 798.3 | 620.5 |
Total current assets | 146,519.6 | 133,436.6 |
Assets held for sale | 6.0 | - |
Total assets | 153,131.6 | 140,079.7 |
Equity | ||
Shareholders' equity | 3,556.5 | 3,441.8 |
Non-controlling interests | 82.0 | 81.1 |
Total Equity | 3,638.6 | 3,522.8 |
Non-current liabilities | ||
Borrowings | 3,049.9 | 3,049.2 |
Lease liabilities | 52.1 | 53.5 |
Deferred income tax liabilities | 528.5 | 534.1 |
Post employment benefits | 31.4 | 31.0 |
Contract liabilities | 67.8 | 64.2 |
Other provisions | 10.5 | 10.5 |
Total Non-current liabilities | 3,740.1 | 3,742.6 |
Current liabilities | ||
Borrowings | 90.5 | 83.4 |
Lease liabilities | 24.3 | 24.2 |
CCP clearing business liabilities | 145,062.3 | 132,219.1 |
Income tax payable | 77.6 | 51.3 |
Trade and other payables | 393.3 | 323.4 |
Contract liabilities | 99.4 | 108.3 |
Other provisions | 4.2 | 4.6 |
Total Current liabilities | 145,751.6 | 132,814.3 |
Liabilities held for sale | 1.3 | - |
Total equity and liabilities | 153,131.6 | 140,079.7 |
The figures in this document have not been audited or reviewed by our external auditor.
Consolidated statement of cash flows
unaudited, in €m | Q3 2021 | Q3 2020 |
Profit before tax | 167.6 | 97.2 |
Adjustments for: | ||
- Depreciation and amortization | 37.9 | 15.4 |
- Share based payments | 2.5 | 2.3 |
- Share of profit from associates and joint ventures | (2.6) | (1.8) |
- Changes in working capital | 35.0 | (14.1) |
Cash flow from operating activities | 240.4 | 99.0 |
Income tax paid | (26.9) | (27.3) |
Net cash flows from operating activities | 213.5 | 71.7 |
Cash flow from investing activities | ||
Acquisition of subsidiaries, net of cash acquired | (12.6) | (134.5) |
Proceeds from sale of assets held for sale | - | 8.8 |
Purchase of current financial assets | (2.2) | (1.2) |
Redemption of current financial assets | 0.1 | 4.0 |
Purchase of property, plant and equipment | (13.6) | (1.2) |
Purchase of intangible assets | (8.1) | (4.0) |
Proceeds from sale of Property, plant, equipment and intangible assets | 0.0 | (0.0) |
Dividends received from equity investments | 9.2 | - |
Dividends received from associates | 6.7 | 7.9 |
Net cash flow from investing activities | (20.7) | (120.2) |
Cash flow from financing activities | ||
Proceeds from borrowings, net of transaction fees | (1.1) | 0.2 |
Repayment of borrowings, net of transaction fees | - | - |
Interest paid | (0.4) | (0.1) |
Share capital repayment | (0.4) | - |
Payment of lease liabilities | (7.6) | (3.9) |
Acquisition of own shares | (0.1) | (0.0) |
Employee Share transactions | 0.0 | (0.0) |
Dividends paid to non-controlling interests | (4.3) | - |
Net cash flow from financing activities | (13.8) | (3.9) |
Total cash flow over the period | 179.0 | (52.3) |
Cash and cash equivalents - Beginning of period | 620.5 | 622.3 |
Non Cash exchange gains/(losses) on cash and cash equivalents | 3.0 | (2.7) |
Cash and cash equivalents - End of period | 802.5 | 567.3 |
The figures in this document have not been audited or reviewed by our external auditor.
Volumes for the third quarter of 2021
- Cash markets89
Q3 2021 | Q3 2020 | % var | |
Number of trading days | 66 | 66 | |
Number of transactions (buy and sells) (inc. reported trades) | |||
Total cash market | 210,289,226 | 203,347,068 | +3.4% |
ADV cash market | 3,186,200 | 3,081,016 | +3.4% |
Transaction value (€ million, single counted) | |||
Total cash market | 716,794 | 625,542 | +14.6% |
ADV cash market | 10,861 | 9,478 | +14.6% |
Listings | |||
Number of issuers on equities | |||
1,918 | 1,797 | +6.7% | |
o/w SMEs | 1,536 | 1,411 | +8.9% |
Number of listed securities | |||
Bonds | 52,180 | 52,693 | -1.0% |
ETFs | 3,260 | 2,567 | +27.0% |
Funds | 3,216 | 4,517 | -28.8% |
Capital raised on primary and secondary market | |||
Total | |||
Number of new equity listings | 51 | 26 | |
Money Raised - New equity listings (incl over allotment) | 4,871 | 926 | x5.2 |
Money Raised - Follow-ons on equities | 39,696 | 9,429 | x4.2 |
Money Raised - Bonds | 336,154 | 212,928 | +57.9% |
Total Money Raised | 380,720 | 223,284 | +70.5% |
of which SMEs, in €m | |||
Number of new equity listings | 46 | 26 | |
Money Raised - New equity listings (incl over allotment) | 1,754 | 926 | +89.3% |
Money Raised - Follow-ons on equities | 2,351 | 2,077 | +13.2% |
Money Raised - Bonds | 691 | 121 | x5.8 |
Total Money Raised | 4,796 | 3,124 | +53.5% |
- Fixed income markets1
Q3 2021 | Q3 2020 | % var | |
Transaction value (€ million, single counted) | |||
MTS | |||
ADV MTS Cash | 23,388 | 14,049 | +66.5% |
TAADV MTS Repo | 281,898 | 288,618 | -2.3% |
OTHER FIXED INCOME | |||
ADV Fixed income | 673 | 949 | -29.0% |
- FX markets
Q3 2021 | Q3 2020 | % var | |
Number of trading days | 66 | 66 | |
FX volume ($m, single counted) | |||
Total | 1,155,586 | 1,275,229 | -9.4% |
ADV | 17,509 | 19,322 | -9.4% |
- Power markets
Q3 2021 | Q3 2020 | % var | |
Number of trading days | 92 | 92 | |
Power volume (in TWh) | |||
ADV Day-ahead Power Market | 2.02 | 2.19 | -7.8% |
ADV Intraday Power Market | 0.06 | 0.07 | -10.7% |
- Derivatives markets10
Q3 2021 | Q3 2020 | % var | |
Number of trading days | 66 | 66 | |
Derivatives Volume (in lots) | |||
Equity | 38,523,610 | 37,011,956 | +4.1% |
Index | 14,597,938 | 15,317,663 | -4.7% |
Futures | 9,865,105 | 10,509,217 | -6.1% |
Options | 4,732,833 | 4,808,446 | -1.6% |
Individual Equity | 23,925,672 | 21,694,293 | 10.3% |
Futures | 4,344,430 | 5,827,413 | -25.4% |
Options | 19,581,242 | 15,866,880 | +23.4% |
TM Derivatives | 0 | 257,347 | |
Futures | 0 | 257,347 | |
Options | 0 | 0 | |
Commodity | 5,467,861 | 4,068,894 | +34.4% |
Futures | 4,848,475 | 3,775,926 | +28.4% |
Options | 619,386 | 292,968 | +111.4% |
Total | 43,991,471 | 41,338,197 | +6.4% |
Total Futures | 19,058,010 | 20,369,903 | -6.4% |
Total Options | 24,933,461 | 20,968,294 | +18.9% |
Derivatives ADV (in lots) | |||
Equity | 583,691 | 560,787 | +4.1% |
Index | 221,181 | 232,086 | -4.7% |
Futures | 149,471 | 159,231 | -6.1% |
Options | 71,710 | 72,855 | -1.6% |
Individual Equity | 362,510 | 328,701 | 10.3% |
Futures | 65,825 | 88,294 | -25.4% |
Options | 296,685 | 240,407 | +23.4% |
TM Derivatives | 0 | 3,899 | |
Futures | 0 | 3,899 | |
Options | 0 | 0 | |
Commodity | 82,846 | 61,650 | +34.4% |
Futures | 73,462 | 57,211 | +28.4% |
Options | 9,385 | 4,439 | +111.4% |
Total | 666,537 | 626,336 | +6.4% |
Total Futures | 288,758 | 308,635 | -6.4% |
Total Options | 377,780 | 317,701 | +18.9% |
- Derivatives open interest11
Q3 2021 | Q3 2020 | % var | |
Open interest (in lots) | |||
Equity | 23,391,581 | 23,176,244 | +0.9% |
Index | 1,692,347 | 1,985,839 | -14.8% |
Futures | 785,129 | 855,264 | -8.2% |
Options | 907,218 | 1,130,575 | -19.8% |
Individual Equity | 21,699,234 | 21,190,405 | +2.4% |
Futures | 1,915,961 | 932,030 | +105.6% |
Options | 19,783,273 | 20,258,375 | -2.3% |
TM Derivatives | 0 | 0 | |
Futures | 0 | 0 | |
Options | 0 | 0 | |
Commodity | 1,111,285 | 832,211 | +33.5% |
Futures | 716,094 | 581,940 | +23.1% |
Options | 395,191 | 250,271 | +57.9% |
Total | 24,502,866 | 24,008,455 | +2.1% |
Total Futures | 3,417,184 | 2,369,234 | +44.2% |
Total Options | 21,085,682 | 21,639,221 | -2.6% |
1 Like for like revenue at constant currencies exclude in Q3 2020 and Q3 2021 VP Securities (until 4 August), the
2 Definition in appendix
3 Weighted average number of shares at 92,447,841for 9M 2021, 9M 2020 outstanding shares adjusted for the rights issue to 76,120,331 shares
Unless specified otherwise, percentages refer to Q3 2021 data compared to Q3 2020 data
4 Number of outstanding shares used in 2020 adjusted for the rights issue to factor in the bonus element at 76,120,331 shares
5 Number of outstanding shares used to compute 9M 2021 EPS
6 Prior to the acquisition of the
8 Q3 2021 data is published on a pro forma basis to include the trading activities of the
9 Cash Market includes shares, warrants, ETFs. Following the acquisition of the
10Q3 2021 data is published on a pro forma basis to include the trading activities of the
11 Q3 2021 data is published on a pro forma basis to include the trading activities of the
Attachment
- 20211104_ENX_Q32021_PR vf
© OMX, source