November 8, 2017 / 6:48 AM / a year ago

Euronext's third-quarter core profit rises on stable European macro environment

FILE PHOTO - Company stock price information are displayed on screens as they hang above the Paris stock exchange, operated by Euronext NV, in La Defense business district in Paris, France, December 14, 2016. REUTERS/Benoit Tessier

(Reuters) - Pan-European exchange Euronext (ENX.PA) said its third-quarter core earnings rose 13.3 percent, driven by improved trading volumes in a “stabilised macro environment” and gains from recent acquisitions.

Euronext, which operates bourses in Paris, Amsterdam, Brussels, London and Lisbon, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 69.5 million euros (61.21 million pounds) in the third quarter from 61.3 million euros a year earlier.

Revenue rose 14.1 percent to 128.7 million euros in the period.

“The third quarter of 2017 saw an improved trading environment, despite very low volatility, with a stabilised macro environment in Europe. This translated into improved trading volumes on both cash and derivatives markets...” Euronext said in a statement.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri

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