In the context of a difficult year marked by the ongoing economic and financial crisis, the Luxembourg Stock Exchange slightly increased its revenues compared to last year.

For 2012, turnover amounted to EUR 41,220,737.74, an increase of 3.05%. Operating results were EUR 15,668,203.52.
Net results were affected by costs in relation to investments made in implementing new services for its wholly owned subsidiary, Finesti. They were also affected by tax provisions over several years booked to Finesti, which the Luxembourg Stock Exchange duly provisioned in its accounts.

As a result of these exceptional items, the net profit for the year amounted to EUR 6,644,232.21, a decrease of 37.81% compared to 2011.

The gross dividend for the year remains unchanged at EUR 50 per share.

During the annual general meeting, Luc Verbeken, chief executive officer of ING Luxembourg, was appointed to the board for a term of three years, replacing Rik Vandenberghe. The meeting also appointed to the board for a new term of three years Michel Birel, Vincent Decalf, Claude Schon and Frank Wagener.

Following the annual general meeting, the board met and resolved to re-appoint Frank Wagener as chairman of the board of directors of the Luxembourg Stock Exchange.

Finally, the board of directors noted with sadness the passing on 11 March 2013 of its honorary chairman Raymond Kirsch, who also served as its chairman from 2004 to 2011.