Euronext NV reports its half-year 2007 results as presented under the Amsterdam, 29 IFRS, on a standalone basis. As already reported, Euronext experienced its all-time record in terms of revenues booked during the first six months of the year, with €630.6m up 13.1% compared to the same period last year. All the business lines but MTS Fixed Income registered an increase of their revenues during the period.

Euronext costs and expenses increased from €337.4m to €385.6m, primarily due to the €56.2m of legal and advisory costs (booked in Office, telecom and consultancy) paid in relation to the combination with NYSE Group, which became effective on April 4, 2007. In Full Time Equivalent, the headcount of Euronext excluding GL Trade increased from 1,122 in June 30, 2006 to 1,186 in June 30, 2007 mainly induced by the consolidation of Hugin as of January 1, 2007, while the headcount of GL Trade progressed by 242 FTEs at 1,323 during the same period. IT costs were reduced by almost €10m (€72.6m vs. €82.4m).

The EBIT broke a new record at €245.1m, an increase of 11.2% compared to H1 2006. The Euronext profit before tax for the first six months of the year was down from €263.5m in 2006 to €258.8m in 2007. Two items explained such a decrease: (i) the one-off capital gain in relation with the sale of CIK to Euroclear in Q1 2006 (€15.5m), and (ii) the reclassification of Euronext stake in LCH.Clearnet as “held for sale”, and the group share in LCH.Clearnet results no longer recognized in “Income from associates” as at end of 2006 (€14.1m in H1 2006).

Income tax for the reporting period was €96.6m, following the increase in the operating profit whilst 2006 benefited from non-taxable item (Capital gain realised on the sale of CIK). The reported net profit for the half-year 2007 reached €155.4m or €1.39 per diluted share.

Cash trading

The Cash Business Unit experienced its busiest first half-year ever with 148.7 million trades, or 1.18 million trades per day on average, the highest figure ever. Every product category except Bonds progressed compared to the same period last year: Equities up 28.2%, Exchange-Traded Funds up 79.3%, Structured products (Warrants and Certificates) up 20.1%, and Bonds down 1.2%. Thanks to the active market activity, the BU succeeded to post an EBIT of €121.3m, compared to €92.3m a year ago. The EBIT margin also progressed from 59.3% to 64.7%.

Listing fees

Euronext welcomed 70 new listings from January to June 2007 compared to 61 during the same period in 2006. NYSE Alternext has confirmed its success by reaching 100 listed companies as of June 30, 2007. In just over two years, companies listed on NYSE Alternext have raised more than €1 billion and now represent a total market capitalization of over €5 billion. Revenues amounted to €29.3m, increasing by 27.7% compared to HY 2006. The operating result amounted €15.3m and an associated margin of 52.4%, versus respectively €10.6m and 46.2% in 2006.

Derivatives trading

With 452.2 million contracts traded for the six months ended June 30, 2007, Liffe set a record for trading activity, increasing by 16.9% compared to the same period a year ago. Over the period, all the product categories increased compared to last year: Interest rate contracts up 13.5%, Equity products up 20.7%, and Commodities up 28.6%.

EURONEXT NV Half-Year 2007 Results

Bclear, the Liffe’s wholesale clearing service for OTC trades, has confirmed its success with 65.5 million contracts processed from January to June 2007, a 95.6% increase compared to the comparable period a year ago. The Derivatives BU revenues amounted to €233.8m, up 8.8% versus H1 2006 (€214.8m). EBIT realised for the derivatives business was €119.5m over the period, delivering an operating margin of 51.1% (versus 50.6% in H1 2006).

Settlement and custody

The settlement and custody activity was sustained by favourable market conditions on the cash markets leading to an increase in revenues of 16.5%, to €8.3m. For the first six months of the year, the EBIT increased by 21.5% at €5.7m for an EBIT margin of 69.1%.

Sales of developed software/solutions

During the first six months of the year, GL Trade improved both its revenues (€94.8m vs. €90.2m) and its EBIT (€15.9m vs. €14.6m) compared to last year. GL’s EBIT margin stood at 16.8% (versus 16.2% last year).