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Wiener Boerse AG, the Vienna-Prague Stock Exchange Group, has reported a record financial year for 2024, attributed to strong business diversification and positive market momentum.
Key highlights from their 2024 performance include:
* Record Financial Results: The Group achieved record revenues of EUR 81.8 million (up from EUR 78.9 million in 2023) and earnings before taxes (EBT) of EUR 50.1 million, surpassing the EUR 50 million mark for the first time in company history (up from EUR 47.9 million in 2023). Net profit for 2024 was EUR 37.3 million, exceeding the previous year’s EUR 36.4 million.
* Strong Diversification: Strategic business diversification played a crucial role in this success.
* Equity Turnover Growth: The Group’s equity turnover significantly increased to EUR 74 billion (Vienna EUR 63 billion, Prague EUR 11 billion) in 2024, up from EUR 66 billion in 2023. This growth was notably driven by M&A activity in the real estate sector.
* Record Debt Listings: An all-time high in debt listings contributed significantly. Over 13,400 bonds were listed on the Austrian stock exchange in 2024, a substantial increase from 9,400 in 2023. This included listings from over 1,000 bond issuers from 39 countries, such as a green bond from a European steel company (voestalpine AG) and a state-guaranteed bond from Ulaanbaatar, Mongolia.
* Custody Business Contribution: The Czech Republic’s custody business (Central Securities Depository Prague) also made a substantial contribution to overall earnings.
* International Strategy: Nearly 92% of the Group’s revenues were generated abroad, reflecting the success of its international growth strategy.
* Strategic Initiatives: The exchange implemented strategic initiatives such as the all-day tradability of Austrian government bonds and midpoint trading, benefiting market participants.
Christoph Boschan, CEO of Wiener Boerse AG, emphasized that the strong business performance reflects the effectiveness of their strategy and the strength of the regional market environment, particularly the attractive valuations and strong economic ties to Central and Eastern European growth markets for Austrian equities. The company also advocated for policy measures, such as establishing a transparent sovereign wealth fund, to leverage capital markets for the public good and secure Austria’s future.

Video courtesy of First Bank of Nigeria

Video courtesy of First Bank of Nigeria