Euronext posted forecast-topping 2004 profits today and the pan-European exchange said it would propose raising its dividend by 20 per cent to €0.60 per share.
Euronext, which is angling for control of the London Stock Exchange, said full-year net profit rose to €149.7 million against a pro-forma €56 million in 2003, beating analysts average forecast for €115.8 million.
Earnings before interest, tax and amortisation also came in 2.2 per cent higher on a proforma basis at €240.1 million on already reported sales of €886.8 million.
The operator of the Amsterdam, Paris, Brussels and Lisbon bourses confirmed it expected moderate revenue growth in 2005 and reiterated a forecast for operating profit of €250 million this year.