Hellenic Exchanges - Athens Stock Exchange SA (OTCPK:HEHSF)
$ 5 0 (0%) Market Cap: 271.70 Mil Enterprise Value: 188.23 Mil PE Ratio: 16.89 PB Ratio: 2.63 GF Score: 93/100
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Q2 2024 Hellenic Exchanges Athens Stock Exchange SA Earnings Call Transcript

Jul 30, 2024 / 01:00PM GMT
Release Date Price: $5.4

Key Points

Positve
  • Average daily traded value increased by 30% to EUR144 million in the first half of 2024 compared to the same period last year.
  • Consolidated turnover rose by 17% to EUR26.8 million in the first half of 2024.
  • Earnings before interest and taxes increased by 41% to EUR10.8 million compared to the first half of last year.
  • Net after-tax profits rose by 43% to EUR9.4 million compared to the first half of 2023.
  • Cash and cash equivalents increased to EUR74.6 million as of June 30, 2024, compared to EUR63.6 million at the end of 2023.
Negative
  • There were fewer trading days in the first half of 2024, impacting trading volumes.
  • Part of the trading volume was priced at a 60% discount, affecting revenue from trading.
  • Operating expenses increased by 3.7% in the first half of 2024.
  • Personnel expenses rose by 7.7% in the first half of 2024.
  • Trading activity in the derivatives market dropped by 17% in the first half of 2024.
Operator

Ladies and gentlemen, thank you for standing by. I am Vassilios, your Chorus Call operator. Welcome and thank you for joining the Athens Exchange Group conference call to present and discuss the second quarter 2024 financial results.

At this time, I would like to turn the conference over to Mr. Nik Koskoletos, CFO; and Mr. Stelios Konstantinou, Head of Investor Relations. Gentlemen you may now proceed.

Stelios Konstantinou;Nikolaos Koskoletos
Hellenic Exchanges Athens Stock Exchange SA - Head of Investor Relations Department;

Good afternoon, ladies and gentlemen, and good morning to those of you listening to us from the other side of the Atlantic. We would like to present the financial results of the Group for the first half of 2024, which were published yesterday and are available in the IR section of our website, and then take any questions that you might have.

I will now give the floor over to our CFO for some comments before the more formal presentation of our financial performance in more detail. Nik?

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