Euroclear H1 2020 - Resilient Performance Against COVID-19 Backdrop

Euroclear H1 2020 - Resilient Performance Against COVID-19 Backdrop

PR Newswire

BRUSSELS, July 17, 2020

BRUSSELS, July 17, 2020 /PRNewswire/ --

Euroclear logo (PRNewsfoto/Euroclear)

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.

Logo - https://mma.prnewswire.com/media/832898/Euroclear_Logo.jpg

Voltar noticias em Inglês