Euronext Nv Unsp/Adr (ERNXY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Euronext First Quarter 2026 Results Conference Call. On today's call, we have Stefan Bujna, CEO and Chairman of the Managing Board, and Giorgio Modica, CFO. Please note this conference is being recorded, and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing pound key 5 on your telephone keypad to enter the queue. I will now hand you over to your host, Stefan Bujna, to begin today's conference. Please go ahead, sir. Good morning, everybody, and thank you for joining us for Euronext's first quarter 2026 results call. Apologies for this delay of a few minutes. I'm Stéphane Boujna, CEO and Chairman of the Managing Board of Euronext, and I will start with the highlights of this record quarter, and I will provide you with an update on our progress with the Innovate for Growth 2027 strategic plan. Giorgio Modica, the Euronext CFO, will then cover the main business and financial highlights of the first quarter of the year. I'm now on slide four, and I will start with the overview of the first quarter 2026 highlights. I'm very pleased to share that the Euronext has extended its strong growth trajectory. We have achieved an eighth consecutive quarter of double-digit growth across revenue, a double-digit growth across EBITDA, double-digit growth across EPS. The excellent start of the year translated into record underlying revenue and income of 528.5 million, up plus 15.3% year-on-year. Growth remained broad-based and was accompanied by clear operating leverage, or adjusted EBITDA increase faster than revenues to 343.2 million, up plus 16.7%. As a result of all-cause discipline, Euronext adjusted EBITDA margin reach 64.9%, represen...