In addition, the underlying business income reached a record of EUR 414 millions in Q1 2023. This represents a 2% rise compared to last year’s same period. 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.
In the meantime, interest rates increased, resulting in a 871% increase to EUR 237 millions on a underlying basis. 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 prosper in the future with a diversified model and a history of strong growth.
Lieve Manyrey, Euroclear’s Chief Executive Officer, commented on the matter.
Euroclear delivered another quarter’s growth. Our robust and diversified business model continues serve our stakeholders, enabling us to invest in our…