Euronext NV

ENX: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€14.00	Qnhffx	Njykckxz

Euronext Earnings: Decent Results as Lower Operating Expenses Stand Out

Niklas Kammer

Nov 10, 2023

Narrow-moat Euronext reported adjusted EBITDA of EUR 146.5 million, up 7% on a like-for-like basis as the exchange group saw good traction in nontrading-related segments. We maintain our EUR 88 per-share fair value estimate.

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