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The Euronext new strategic plan, titled “Innovate for Growth 2027,” has been fully unfolded since its announcement at the Investor Day on November 7, 2024.
Here’s a summary of the key aspects of this new strategy:
Key Strategic Priorities:
* Accelerate growth in non-volume business: This includes focusing on:
* Positioning Euronext Securities as the Central Securities Depository (CSD) of choice in Europe.
* Transforming Euronext’s listing franchise into a global champion.
* Scaling up the SaaS offering.
* Increasing the monetization of Euronext’s diversified datasets.
* Expand Euronext’s FICC (Fixed Income, Currencies, and Commodities) trading and clearing franchise: This involves:
* Leveraging Euronext Clearing as a catalyst for growth and European expansion.
* Expanding leadership in power, from spot to derivatives.
* Expanding the successful model of the fixed income business.
* Build upon Euronext’s leadership in trading: This includes:
* Expanding cash equity leadership through new trading services.
* Building the leading ETF market in Europe.
Transversal Growth Enablers:
* Empower sustainable finance through ambitious ESG commitments, including a Net Zero commitment by 2027.
* Enhance operational excellence, enabled by artificial intelligence and the scalability of Euronext’s model.
* Deliver value-creative M&A through external growth opportunities, aligned with Euronext’s disciplined investment criteria.
Financial Guidance (2023-2027):
* Euronext expects organic revenue growth to be above 5% on average per year.
Updated Capital Allocation Policy:
* Focus on shareholders’ returns and strategic flexibility.
* Maintain a dividend payout at 50% of reported net income.
* Continue to pursue value-accretive M&A.
* Introduce a flexible approach to special returns, including share buybacks (a €300 million share repurchase program was completed between November 2024 and March 2025).
Recent Developments Aligned with the Strategy:
* Acquisition of Nasdaq’s Nordic power futures business (announced February 2025, expected to go live in June 2025), accelerating growth in the power derivatives market.
* Launch of cash-settled mini futures on European government bonds (available for trading from September 2025), representing significant innovation in financial derivatives.
* Strategic partnership with Euroclear to enhance Euronext’s Repo clearing franchise.
* Launch of initiatives related to Energy, Security, and Geostrategy (“New ESG”) to support European strategic autonomy.
In conclusion, the “Innovate for Growth 2027” strategy has been fully unveiled and Euronext has already begun implementing initiatives aligned with its key priorities and financial targets. The focus is on accelerating non-volume revenue, expanding in FICC, building on trading leadership, embedding sustainability, enhancing operations through technology, and pursuing strategic growth opportunities.

Video courtesy of ABN-AMRO

Video courtesy of ABN-AMRO