Euroclear today posted its financial report for the first quarter of 2023.
In total, Q1 2023 net profit increased to EUR 796 million, benefitting from the continued delivery on the group’s strategy and its resilient business model.
Underlying Q1 operating income rose 51% to a record EUR 651 million.
Most of the group’s operating income came from products and services that generated fees. Business income improved through the quarter to reach a record EUR 414 million, an increase of 2% year-on-year.
The Euroclear group’s business model provides a hedge against market volatility. When equity markets are lower, the impact is mitigated by the group’s diversified and subscription-like business model, and we benefit in a similar vein when bond markets are weaker, as approximately three quarters…
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