Marc Antoine Autheman

Your company performed well in 2016 and maintained its profitability through a challenging year. The Board recommends a dividend of €37 per share for 2016, with a stable 40% pay-out ratio.

Lieve Mostrey

Despite market volatility, our business drivers trended positively, even above our expectations, throughout the second half of the year.

Euroclear by the numbers

The Euroclear group delivered robust business performance in 2016 driven by increased activity levels and flat core operating costs.

Values of securities held
(in € trillion)1
2016 27.7
2015 27.5
2014 26.0
2013 24.2
2012 23.0
Turnover
(in € trillion)1
2016 655.4
2015 669.5
2014 623.3
2013 572.8
2012 541.6
Number of netted transactions
(in millions)
2016 195.9
2015 190.7
2014 181.6
2013 170.4
2012 158.9
Average daily collateral provision outstanding (in € billion)2
2016 1072.5
2015 1,067.7
2014 886.9
2013 787.3
2012 700.6

1. The data includes intra-group holdings/transactions, as relevant.
2.The Collateral Highway launched in July 2012, mobilises collateral from sources within and external to the Euroclear group.

Net fee income margin
(in %)
2016 26.5
2015 35.9
2014 35.7
2013 32.7
2012 27.6
Adjusted return on equity
(in %)
2016 8.5
2015 8.7
2014 8.7
2013 8.3
2012 7.8
Adjusted net earnings per share
(in €)
2016 92.4
2015 87.0
2014 78.6
2013 69.3
2012 63.0
Operating income
(in € million)
2016 1,161.9
2015 1,130.2
2014 1,039.6
2013 1,016.0
2012 1,028.4
Operating profit before impairment and taxation
(in € million)
2016 411.0
2015 400.6
2014 359.2
2013 352.7
2012 327.9
Shareholders' equity
(in € million)
2016 3,560
2015 3,476
2014 3,244.5
2013 3,212.5
2012 3,184.5
Dividend per share
(in €)
2016 37.0
2015 36.3
2014 31.5
2013 29.6
2012 25.4

Performing strongly across the group

Turnover Values of securities held Number of netted transactions
2016 €451.7 trillion €12.7 trillion 84.1 million
change from 2015 +2.1% +2.5% +1.0%
Turnover Values of securities held Number of netted transactions
2016 €122.8 trillion €5.8 trillion 59.8 million
change from 2015 -13.8% -5.2% +8.3%
Turnover Values of securities held Number of netted transactions
2016 €1.0 trillion €0.2 trillion 2.4 million
change from 2015 +2.0% -12.8% -3.6%
Turnover Values of securities held Number of netted transactions
2016 €62.9 trillion €6.3 trillion 23.2 million
change from 2015 -6.7% +3.4% -3.3%
Turnover Values of securities held Number of netted transactions
2016 €4.7 trillion €1.0 trillion 5.9 million
change from 2015 -3.8% +1.3% -4.7%
Turnover Values of securities held Number of netted transactions
2016 €0.6 trillion €0.3 trillion 7.1 million
change from 2015 -1.8% +9.9% +4.1%
Turnover Values of securities held Number of netted transactions
2016 €11.8 trillion €1.4 trillion 13.3 million
change from 2015 +9.5% +0.9% +4.9%

Euroclear in 6 steps

Scale provider of post-trade services

Euroclear’s DNA

Support an open marketplace where scale and connectivity across the spectrum of market participants are strengths.

To be profit moderated with the financial discipline of a ‘for-profit’ entity and the commitment to support market stability, deliver shared economies of scale, and develop markets locally and globally.

Serve the public good by ensuring the efficiency and safety of markets and actively enabling risk-reduction.

Foster a high performing culture in respect of our corporate values, delivered worldwide thanks to our diverse and dedicated teams.

Breadth of participation

Global client franchise

Questions? Contact us at ir@euroclear.com