The Spanish Exchange Operator Bolsas y Mercados Españoles (BME) reported a net profit of €153.3m in 2017, down 4.3% year-on-year.
While revenue for the full year stood at €325m – 0.6% down year-on-year – revenue in Q4 2017 stood at €81.6m, representing a fall of 2.8% compared to the previous year.
Operating expenses amounted to €110m in 2017, up 2.2% on the operating costs for 2016 and 1.2% more if the effect of the integration of the Infobolsa Group is excluded; between October and December, costs remained at €28.5m.
“The results posted by BME remained stable in 2017 in a complex market and regulatory environment, which proves it is a solid and sustainable model”, explained Javier Hernani, CEO of BME.
The ratios of financial management follow-up, the efficiency indicator of operating costs to net income, and return on equity (ROE), of return on equity, have achieved values of 34.4% and 36.1% for 2017, respectively. The difference with respect to the average of comparables remains above 16 points for the ROE, and 10 points in terms of efficiency.
The Fixed Income Alternative Market ( MARF ) admitted to trading €3.97bn, up by 74.1% year-on-year.
As for equities, 25.4 million transactions were processed in Q4 of 2017, a decrease of 3% amounting to €313.978bn. Throughout 2017, 102.1 million transactions were processed, up 45.4% year-on-year.