Hellenic Exchanges (EXAE) Q4 2024 earnings summary

Executive summary

• Achieved robust growth in 2024, with turnover up 15.3% to €54.3m and profitability up 33.1% year-over-year.

• Strengthened position in Greek and international markets, driven by transparency, reliability, and value creation.

• Strategic milestones include inclusion in watch lists for potential reclassification to Developed Market status.

Financial highlights

• Turnover rose to €54.3m in 2024 from €47.1m in 2023 (+15.3%).

• Operating expenses increased by 8.4% to €28.4m, mainly due to higher personnel and IT costs.

• EBITDA grew 24.7% to €23.7m; EBIT up 28.3% to €19.5m.

• Consolidated Earnings After Tax (EAT) increased 33.1% to €17.3m.

• Adjusted EPS reached €0.294, up from €0.221 in 2023.

Outlook and guidance

• Board proposes a dividend of €0.29 per share, a 21% increase over 2023.

• Focus remains on investing in people, technology, and expanding regional presence.