Profil:
GPW SAWSE operator GPW posts PLN 42 mln attributable net profit in Q3 2024
Warsaw Stock Exchange operator GPW posted PLN 42 million (EUR 9.7 mln) attributable net profit in the third quarter of 2024, according to GPW's financial report. The consensus was for a net profit of PLN 39.7 million (EUR 9.1 mln). The group's sales revenue amounted to PLN 112.1 million (EUR 25.8 mln).
---------- GPW'S RESULTS IN Q3 2024 VS CONSENSUS ----------
| 3Q2024 | results | consensus | difference | y/y | q/q |
| PLN mln | PLN mln | % | % | % | |
| Revenues | 112.1 | 113.1 | -0.8% | 5.7% | -7.2% |
| EBITDA | 42.5 | 41.6 | 2.1% | 7.2% | 2.0% |
| EBIT | 34.8 | 33.7 | 3.1% | 6.5% | 2.5% |
| Attrib. net profit | 42.0 | 39.7 | 5.7% | 5.8% | 5.7% |
The WSE Group posted revenues of PLN 112.1 million (EUR 25.8 mln) in the third quarter of 2024, a year-on-year increase of 5.7 percent.
Group's EBITDA in the third quarter increased by 7.2 percent, to PLN 42.5 million (EUR 9.8 mln), while attributable net profit reached PLN 42.0 million (EUR 9.7 mln), a year-on-year increase of 5.7 percent.
The WSE said that for the second quarter in a row, the cost growth rate was lower than the revenue growth rate, which translated into improved profitability. In the third quarter, the group's costs rose 3.9 percent year-on-year.
In the third quarter of 2024, session trading on the WSE's Main Market reached PLN 79.3 billion (EUR 18.3 bln), 29 percent higher than in the third quarter of 2023. The average daily value of shares traded in the order book amounted to PLN 1.22 billion (EUR 280.9 mln), a year-on-year increase of 27 percent.
The WSE supervisory board decided to update the WSE WATS budget. The planned budget for the production of the V1 version of WATS supporting the WSE and BondSpot markets is now PLN 133.9 million (EUR 30.8 mln).
Producing the V2 version to support the All2All BondSpot market by the end of 2025, and conducting an analysis of the V3 version including support for derivatives in the second half of 2025, is currently valued at PLN 19 million (EUR 4.4 mln).
The planned date for the production launch of the new system is November 10, 2025. The decision was made by the WSE's supervisory board in July in accordance with the recommendation of the System Implementation Committee of the WSE WATS, which plays a key role in overseeing and coordinating all aspects of the implementation of the new system.
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