NYSE Euronext – Is the loss of market share over?

NYSE Euronext (US:NYX) announced second quarter results and HY-Figures. The leading global operator of financial markets and provider of innovative trading technologies could benefit from higher transaction volumes within the second quarter.

Here are the Highlights:

Q2 2010
Net Revenues: +7 Percent
Other Operating Expenses: +3 Percent
Operating income: +15 Percent
Net income: +27 Percent

HY 2010
Net Revenues: +7 Percent
Other Operating Expenses: +2 Percent
Operating income: +17 Percent
Net income: +26 Percent

Here is the financial table:
http://long-term-investments.blogspot.com/2010/08/nyse-euronext-is-loss-of-market-share.html


Strongest growth in came from the segments Derivatives (Q2 +39 percent; HY +45 percent) and Information Services and Technology Solutions (Q2 +29 percent; HY +31 percent) while the segment Cash Trading and Listings losses (Q1 -11 percent, HY -17 percent). The operating margin increased due to cost reduction and economies of scale to 35 percent for HY 2010.

Total equity amounted to USD 6.3 billion, representing an equity ratio of 48.5 percent.(FY 2009: 48.2 percent)

As of balance sheet date, NYX had cash, cash equivalents, investment and other securities in an amount of USD 419 million (FY 2009: USD 490 million). Long-term debt amounted to USD 1.96 billion (FY 2009: USD 2.16 billion). Debt-to-EBITDA ratio declined to 1.9 times, down from 2.6 times at year-end 2009. NYX announced a stable quarter dividend of USD 0.3, corresponding to USD 78 million.

The company benefits from new product offerings over all segments. Regarding the current figures of total volume shares the company announced, NXY still looses market shares in all segments of trading. The dynamic of losses slows in Q2 in synchronization of rising order volumes. Market shares amounted to 44.6 percent (NYSE Listed), 28.0 percent (NYSE Arca & NYSE Amex Listed), 17.6 percent (Nasdaq Listed) and 27.3 percent (ETF) at June 30, 2010. Thomson Reuters analysts expecting an EPS of USD 2.22 for FY 2010 and USD 2.65 for FY 2011, representing an EPS growth of +9/+19 percent.

Here is the full news: http://www.nyse.com/press/1280743455008.html
Here is the 8-K report: http://ir.nyse.com/phoenix.zhtml?c=129145&p=irol-sec

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This release was published on openPR.