Same again at Euronext
12 April 2012
REVENUE was static in 2001 at Paris-based Euronext, which bought the London International Financial Futures and Options Exchange for £555m last year.
The exchange, created by the merger of the French, Belgian and Dutch bourses in 2000, said revenue rose 1% to e698m (£428m) as it handled fewer share trades and initial public offerings.
The number of share trades fell 9.3% and revenue from cash trading was down 6%. The number of IPOs and secondary share offerings was sharply lower than the record levels of 2000, leading to a 17% fall in listing fees income.
The exchange, headed by Jean-Francois Thèodore, said the slight rise in total revenue despite the economic recession proved 'the efficiency of Euronext's business model'.
