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Euronext third-quarter profits rise, driven by Oslo Bors consolidation

Euronext third-quarter profits rise, driven by Oslo Bors consolidation
FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018. REUTERS/Charles Platiau/File Photo -
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Charles Platiau(Reuters)
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PARIS (Reuters) – Pan-European stock exchange operator Euronext <ENX.PA> on Thursday reported a 26% rise in third-quarter net profit, helped by its acquisition of Nordic exchange Oslo Bors, and reiterated it would pursue more potential acquisitions.

Euronext, which operates bourses in Paris, Amsterdam, Brussels, London, Lisbon and Dublin, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 23% to 108 million euros (£93 million) year-on-year.

Euronext unveiled in October a new set of financial targets for 2019-2022, saying it aimed to grow sales by 2% to 3% a year over the period.

It has also said it is open to transformational deals in a bid to boost its dominance in the European capital markets union.

“Euronext will continue to seek external diversification opportunities,” the company said on Thursday.

(Reporting by Maya Nikolaeva, Editing by Sarah White)

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