In Q1 of 2023, the company’s underlying income reached a new record high of EUR414 million, a 2% improvement over the same period in 2018. The company’s three-year underlying business income CAGR of 9% highlights the growth it has achieved despite the volatility of financial markets, the firm noted.
Interest rates have risen, which has led to a surge in quarterly incomes. However, Euroclear’s investment in its strategy, combined with higher inflation, has resulted in a 19% year-on-year increase in underlying operating expenses, which totaled EUR 307 million.
Despite these challenges, earnings per share rose by 95% to EUR 81.4 per share on an underlying basis, indicating the company’s strong performance in a difficult environment. Euroclear is poised to grow in the future with a diversified model and a history of strong growth.
Lieve Manyrey, Euroclear’s Chief Executive Officer, commented on the matter.
Lieve Mostrey
Euroclear delivered another quarter’s growth. Our robust and diversified business model continues serve our stakeholders, allowing further investment in…
