Change Edition

Luxembourg Stock Exchange laments 'difficult environment'
Results

Luxembourg Stock Exchange laments 'difficult environment'

by Mara Bilo, Heledd Pritchard 18.04.2018 From our online archive
Chairman 'satisfied' with annual results despite growing challenges of regulation, Brexit and global political uncertainty
Exchange generated total turnover of €47.5 million for 2017 (photo: Gerry Huberty)
Exchange generated total turnover of €47.5 million for 2017 (photo: Gerry Huberty)

The Luxembourg Stock Exchange (LSE) made a net profit of €12.3 million last year, according to its annual report.

It results for the 2017 financial year, presented on Wednesday, showed more than 11,000 new securities were listed on the exchange, generating a total turnover of €47.5 million.

Frank Wagener, chairman of the LSE board of directors, said they were "satisfied" with the results – "especially with regards to the difficult environment".

He pointed towards uncertainties linked with Brexit, increasing EU regulations and the international political context.

Chief executive Robert Scharfe confirmed the €47.5 million turnover and said the €12.3 million net profit was a "stable result" compared with the previous year.

According to the report, platforms for green financial instruments – such as the Luxembourg Green Exchange (LGX) – and increasing cooperation with China were the focus of attention last year.