Luxembourg Stock Exchange reports strong year-end results and continuing growth

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The Luxembourg Stock Exchange (LuxSE) announced strong results for 2015 during its annual general meeting held on 20 April 2016.

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20/04/2016 |
  • Bourse de Luxembourg

Consolidated operating income of the LuxSE Group stood at EUR 45 million, an increase of 5% compared to the previous year. This growth was primarily due to increased revenues in its subsidiary Fundsquare, growth in the number of new listings as well as tight cost control and efficiency gains.

As a result, net profit for the year increased by 16% to reach EUR 12.6 million. The dividend was unchanged compared to the previous year at EUR 60 per share (EUR 51 net).

In its core business of international securities, LuxSE listed and admitted to trading almost 11,000 new securities for some 640 issuers worldwide. The number of new listings for 2015 represented an increase of 3% and overall revenue for its listing activity grew by 2%.

LuxSE remains the leading exchange for international bonds. It also had a 50% world market share for green bonds, an estimated 60% share for high yield bonds in Europe and a 43% share for Renmimbi (RMB) bonds outside of Asia. Aware of its role in the current climate financing debate, LuxSE has been recognized by the issuers as the Green Bond Exchange acting as a responsible actor in close collaboration with the financial sector in Luxembourg and with the main international climate financing initiatives.

Fundsquare, its specialist subsidiary dedicated to the investment fund industry, increased its revenue by 22% during the year, due to a solid performance of its information and regulatory services.

In 2015, as part of its regulatory reporting activities, Fundsquare deployed a new service for FATCA reporting reaching a 70% market share for this service in Luxembourg end of 2015. It also rolled out services for its new client segment of insurance companies and increased its connectivity with local and international regulators.

Commenting on these results, Robert Scharfe, CEO of LuxSE, said: “We have invested significantly in human resources and our knowledge networks and these results show that we are creating a new ecosystem around the services of the Luxembourg Stock Exchange. For the future, we see great potential in green bonds, an area that is important to us as the leading international listing venue and one in which we are committed to play a proactive role.”

Following the annual general meeting, the board of directors unanimously re-elected Frank Wagener as chairman of the board. Frank Wagener has been on the LuxSE board since 2007 and its chairman since 2011.

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