1st Quarter 2021 financial results - EUR1.95m net after tax profits
In the 1st quarter of 2021, the consolidated net after tax earnings of the Group amounted to EUR1.95 million compared to EUR1.56m in the 1st quarter of 2020, increased by 25.0%.
Turnover in the 1st quarter of 2021 for the Athens Exchange Group was EUR8.36m compared to EUR8.17m in the corresponding period last year, increased by 2.3%. 52% of the turnover of the Group is from fees on trading, clearing and settlement of trades on the Athens Exchange, 19% concerns revenue based on the capitalization of the market, while 28% comes from services provided by the Group to participants in the Greek capital market and other entities in Greece and abroad that are licensed market operators.
It is noted that in the 1st quarter of 2021 the Average Daily Value of Transactions was EUR74.9 million, reduced by 11.7% compared to the 1st quarter of 2020 (EUR84.8m), and the average capitalization of the Greek capital market dropped 2.0% compared to the average capitalization of the 1st quarter of 2020 (EUR53.8 billion vs. EUR54.9bn). The Athens Stock Exchange General Index was up 54.9% at the end of the 1st quarter of 2021 compared to the end of the corresponding period last year.
Total operating expenses including ancillary services in the 1st quarter of 2021 were EUR4.68m compared to EUR4.74m in the corresponding period last year, reduced by 1.3%.
As a result of the above, the Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) in the 1st quarter of 2021 were EUR3.35m, increased by 9.8% compared to EUR3.05m in the corresponding period in 2020.
The consolidated Earnings Before Interest and Taxes (EBIT) in the 1st quarter of 2021 amounted to EUR2.28m vs. EUR1.99m in the 1st quarter of 2020, increased by 14.6%.
Based on the guideline for the Alternative Performance Measures (APMs) published by the European Securities and Markets Authority (ESMA), the adjusted earnings per share were EUR0.032 compared to EUR0.026 in the corresponding period last year.
The financial statements of the Group and the Company are posted on the Company's website (www.athexgroup.gr).