Euronext N.V.: Euronext upgraded to 'BBB+, Positive Outlook' by S&P

Contacts Media				Contact Investor Relations
Amsterdam	[phone]	Brussels	[phone]	[phone]
Dublin	[phone]	Lisbon	[phone]
Milan	[phone]	Oslo	[phone]
Paris	[phone]

Euronext upgraded to 'BBB+, Positive Outlook' by S&P

Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris - 30 April 2024 - Euronext, the leading pan-European market infrastructure, today welcomes the decision of S&P to upgrade Euronext from 'BBB+, Stable Outlook' to 'BBB+, Positive Outlook'.

S&P decision reflects the approaching completion of the integration of the Borsa Italiana Group, the successful expansion of Euronext Clearing and the continued deleveraging thanks to the group's strong cash flow generation.

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

"We are pleased today to see Euronext rating upgraded by S&P to BBB+, Positive Outlook. This upgrade is a strong recognition of the success of the transformation journey we engaged in since the closing of the acquisition of the Borsa Italiana Group. We have pursued our deleveraging path, from 3.2x net debt to EBITDA at closing of the transaction, to 2.0x at the end of 2023. In the meantime, we continued to return capital to our shareholders, including with our first share repurchase programme.

Euronext is today stronger than ever, with a diversified business profile. Combined with our recognized solid financial position and cash generation, we are in the right position to further develop and expand the Group in the coming years."

ANALYSTS & INVESTORS - [e-mail]
Investor Relations	Aurélie Cohen	[phone]	[e-mail]
	Clément Kubiak	[phone]	[e-mail]
MEDIA - [e-mail]
Europe	Aurélie Cohen	[phone]	[e-mail]
	Andrea Monzani	[phone]
Amsterdam	Marianne Aalders	[phone]	[e-mail]
Brussels	Marianne Aalders	[phone]	[e-mail]
Dublin	Andrea Monzani	[phone]	[e-mail]
Lisbon	Sandra Machado	[phone]	[e-mail]
Milan, Rome	Ester Russom	[phone]	[e-mail]
Oslo	Cathrine Lorvik Segerlund	[phone]	[e-mail]
Paris, Corporate	Flavio Bornancin-Tomasella	[phone]	[e-mail]
Corporate Services	Coralie Patri	[phone]	[e-mail]

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed equity issuers and around €7.1 trillion in market capitalisation as of end of March 2024, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.

For the latest news, go to euronext.com or follow us on X (twitter.com/euronext) and LinkedIn (https://www.linkedin.com/company/euronext).

Disclaimer

This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided "as is", without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.

The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, "GDPR"), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at [e-mail].