In the first quarter of 2024, the turnover of Athens Exchange Group increased by 15.7% to €13.5 million. Net profit also increased by 30.5% on an annualised basis.

Highlights of the 1st Quarter 2024 Financial Results:

• Turnover increased by 15.7% and amounted to €13.5 million in the first quarter of 2024 (compared to €11.7 million in the first quarter of 2023).

• Operating expenses (OPEX) increased by 11.7%. OPEX was €6.6 million in the first quarter of 2024  compared to €5.9 million in the first quarter of 2023.

• Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 20.9% compared to the first quarter of 2023. EBITDA was €6.4 million in the first quarter of 2024 compared to €5.3 million in the first quarter of 2023.

• Consolidated Earnings After Tax (EAT) increased by 30.5% compared to the first quarter of 2023. EAT was €4.4 million in the first quarter of 2024, compared to €3.3 million in the first quarter of 2023.

"The impressive financial performance in the first quarter of 2024 underscores our ongoing commitment to fostering the growth and resilience of the Greek capital market. Of particular note is the remarkable 30.5% surge in profitability, a testament to the efficacy of our strategic initiatives and the bolstering of our Group’s competitive edge. Moving forward, we hold an optimistic perspective for the rest of the year, supported by the robust groundwork of our market and its ability to draw in greater investments. Our management team remains resolute in our commitment to innovation and providing premier products and services to our customers. Our primary goal continues to be the ongoing growth and advancement of our market internationally, with a constant emphasis on generating value for our shareholders" CEO Yianos Kontopoulos said in a statement.