BRUSSELS, July 17, 2020 /PRNewswire/ --
Financial Highlights
Key Operating Metrics
Business Update
Outlook
Commenting on the results, Lieve Mostrey, Chief Executive Officer said: "Euroclear delivered a resilient financial and business performance in the first half. Our strategy is proving successful even in the context of an unprecedented global crisis. "Our robust operating performance and business continuity in such unparalleled circumstances has cemented our reputation as a safe and reliable infrastructure partner for global financial market participants. I would like to thank the whole Euroclear team for their hard work and commitment during this challenging time."
Abridged Financial Statements
|
1st half year 2020 |
Var 2020-2019 |
1st half year 2019 |
2nd half-year 2019 |
Full Year 2019 |
|||
|
(in € million) |
|||||||
|
Consolidated Income Statement |
|||||||
|
Business income |
638.6 |
73.5 |
565.2 |
580.2 |
1,145.4 |
||
|
interest & banking income |
83.1 |
-68.2 |
151.3 |
136.5 |
287.8 |
||
|
Other income |
7.9 |
-0.4 |
8.3 |
-6.1 |
2.3 |
||
|
0.0 |
|||||||
|
Total operating income |
729.6 |
4.8 |
724.8 |
710.7 |
1,435.5 |
||
|
0.0 |
|||||||
|
Administrative expenses |
(427.7) |
(14.4) |
(413.3) |
(406.8) |
(820.1) |
||
|
o/w Depreciation and amortisation |
(35.5) |
(1.6) |
(33.9) |
(35.8) |
(69.7) |
||
|
Share of result in joint venture |
0.0 |
2.6 |
(2.6) |
3.34 |
(0.7) |
||
|
Operating profit before impairment and taxation |
301.9 |
-7.0 |
308.9 |
307.2 |
616.1 |
||
|
Result for the period |
226.7 |
10.2 |
216.6 |
214.2 |
430.8 |
||
|
Consolidated Balance Sheet |
|||||||
|
Shareholders' equity |
4,550.4 |
399.1 |
4,151.3 |
4,229.6 |
4,229.6 |
||
|
Debt |
6,447.5 |
637.3 |
5,810.1 |
6,107.1 |
6,107.1 |
||
|
Total assets |
32,590.3 |
568.1 |
32,022.1 |
27,568.6 |
27,568.6 |
||
|
Per share information (in €) |
|||||||
|
Net earnings per share |
72.0 |
3.2 |
68.8 |
68.0 |
136.9 |
||
|
Net asset value per share |
1,445.7 |
126.8 |
1,318.9 |
1,343.8 |
1,343.8 |
||
|
Adjusted net asset value per share* |
1,165.8 |
126.6 |
1,039.2 |
1,063.3 |
1,063.3 |
||
|
* Adjusted net asset value per share excludes the amount of goodwill as well as the amounts for contractual relationships and is based on the number of shares at the end of the period |
|||||||
|
Key performance ratios |
|||||||
|
Assets Under Custody (€ Trn) |
31.1 |
1.1 |
30.0 |
31.4 |
31.4 |
||
|
Netted Transactions (million) |
141 |
23 |
118 |
121 |
239 |
||
|
Collateral Outstanding (€ billion end of period) |
1483 |
198 |
1285 |
1316 |
1316 |
||
|
EBITDA (in € million) |
350.0 |
-5 |
355 |
355 |
709 |
||
|
Business Income Operating Margin (%) |
33% |
6% |
27% |
30% |
28% |
||
|
CET1 ratio (%)* |
40% |
3% |
36% |
40% |
40% |
||
|
* Figures for first half 2020 are based on estimation |
|||||||
|
Euroclear Bank Income Statement |
|||||||
|
Net interest income |
99.2 |
-75.3 |
174.5 |
156.2 |
330.7 |
||
|
Net fee and commission income |
398.9 |
56.0 |
342.9 |
361.2 |
704.1 |
||
|
Other income |
-0.6 |
1.1 |
-1.7 |
-7.8 |
-9.5 |
||
|
Total operating income |
497.5 |
-18.2 |
515.7 |
509.6 |
1,025.3 |
||
|
Administrative expenses |
(282.5) |
(0) |
(275.9) |
(259.6) |
(535.5) |
||
|
Operating profit before impairment and taxation |
215.0 |
-24.8 |
239.8 |
250.0 |
489.8 |
||
|
Result for the period |
157.8 |
-8.4 |
166.2 |
175.9 |
342.2 |
||
|
Euroclear Bank Balance Sheet |
|||||||
|
Shareholders' equity |
1,909.4 |
43.7 |
1,865.7 |
1,881.6 |
1,881.6 |
||
|
Long term debt |
5,953.1 |
636.0 |
5,317.0 |
5,615.7 |
5,615.7 |
||
|
Total assets |
29,163.6 |
344.2 |
28,819.3 |
24,324.0 |
24,324.0 |
||
|
Key performance ratios |
|||||||
|
Business Income Operating Margin (%) |
29% |
2% |
27% |
31% |
29% |
||
|
CET1 ratio (%)* |
40% |
1% |
39% |
40% |
40% |
||
|
* Figures for first half 2020 are based on estimation |
|||||||
|
Euroclear Investments Income Statement |
|||||||
|
Dividend |
0.0 |
0.4 |
-0.4 |
216.5 |
216.1 |
||
|
Net gains/(losses) on non trading financial assets at FVPL |
-128.8 |
-294.6 |
165.8 |
49.4 |
215.2 |
||
|
Other income |
2.0 |
-0.9 |
2.9 |
1.8 |
4.8 |
||
|
Total operating income |
-126.8 |
-295.0 |
168.3 |
267.8 |
436.1 |
||
|
Administrative expenses |
(0.5) |
(0.1) |
(0.4) |
(0.4) |
(0.9) |
||
|
Operating profit before impairment and taxation |
-127.3 |
-295.1 |
167.9 |
267.4 |
435.2 |
||
|
Result for the period |
-95.6 |
-226.0 |
130.5 |
249.8 |
380.2 |
||
|
Euroclear Investments Balance Sheet |
|||||||
|
Shareholders' equity |
669.8 |
-32.0 |
701.8 |
766.3 |
766.3 |
||
|
Long term debt |
1,298.2 |
1.1 |
1,297.1 |
1,301.9 |
1,301.9 |
||
|
Total assets of which |
1,985.1 |
-44.8 |
2,029.9 |
2,117.3 |
2,117.3 |
||
|
Loans and advances |
129.7 |
-9.7 |
139.4 |
129.0 |
129.0 |
||
|
Available-for-sale financial assets |
249.7 |
42.5 |
207.2 |
246.6 |
246.6 |
||
|
Intercompany loans |
904.0 |
-142.5 |
1,046.5 |
1,103.9 |
1,103.9 |
||
Note to editors
Euroclear group is the financial industry's trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor's - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 837 trillion in securities transactions in 2019, representing 239 million domestic and cross-border transactions and held an average of EUR 30.1 trillion in assets for clients.
For more information about Euroclear, please visit www.euroclear.com.
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