Athens Exchange Group reported a 17% increase in turnover in the first half of 2024 to €26.8 million, compared to €22.9 million in the first half of 2023. 

Key financial highlights include:

• 17.0% increase in turnover in the first half of 2024. Turnover was €26.8 million (compared to €22.9 million in the first half of 2023).
• Operating costs increased by 3.7%. Total costs amounted to €12.8 million, compared to €12.4 million in the same period last year.
• increase of 34.7% in earnings before interest, taxes, financing, investment income, depreciation, and amortisation (EBITDA) compared to the first half of 2023. EBITDA was €12.8 million, compared to €9.5 million in the first half of 2023.
• Consolidated profit after tax increased by 42.4% compared to the first half of 2023. Profit after tax amounted to €9.4 million, compared to €6.6 million in the first half of 2023.

In detail, the Athens Exchange Group's turnover for the first half of 2024 amounted to €26.8 million, compared to €22.9 million in the first half of 2023, an increase of 17.0%. 61.1% of the Group's turnover is derived from royalties from trading activity and post-trading services (mainly clearing and settlement of trades) at the Athens Exchange and 20.4% is derived from new listings and services to listed companies, information services, etc. Finally, 18.5% comes from technology services, including digital services, infrastructure and technology solutions in other regulated markets in Greece and abroad, as well as other ancillary services. 

Total costs amounted to €12.8 million compared to €12.4 million in the same period last year, mainly due to a 7.7% increase in staff remuneration (€7.5 million in the first half of 2024 compared to €6.9 million in the first half of 2023). 

As a result of the above, earnings before interest, taxes, financing, investment income, depreciation and amortization (EBITDA) for the first half of 2024 amounted to €12.8 million compared to €9.5 million in the same period last year, an increase of 34.7%. Consolidated earnings before interest, taxes, and financial and investment income (EBIT) for the first half of 2024 amounted to €10.8 million, compared to €7.7 million for the first half of 2023, an increase of 40.3%. Finally, consolidated profit after tax increased by 42.4% to €9.4 million, compared to €6.6 million in the first half of 2023.

Adjusted net earnings per share were €0.162 compared to €0.114 in the same period last year, according to the European Securities and Markets Authority's (ESMA) Alternative Performance Measures (AIM) guidelines.