BME posted first quarter 2010 financial results

BME posted first quarter 2010 financial results

29/04/10

Bolsas y Mercados Españoles (BME) posted a net profit of €36.1 million in the first quarter 2010 – corresponding to €0.43 per share – up 8% on the same period in 2009.

The net profit figure is the best quarterly result achieved by the company since 2008. Thanks to a diversified model and efficient management of costs, BME has been well placed to benefit from the gradual recovery of the markets since the financial crisis started.

With revenue in the first quarter 2010 of €77.5 million, up 7% from the same period a year earlier, and operating expenses of €24.5 million, similar to those in 2009, BME was able to boost EBITDA by 9.9% to €53.1 million.

Key ratios remained high and are a sector benchmark. The efficiency ratio, which expresses expenses as a percentage of revenue, showed improvement, at 31.6%. The Return on Equity also improved from 27.6% a year ago to 30.5% at the end of the quarter.