A reduction in EUA auction volumes due to backloading has contributed to a €300,000 drop in carbon trading revenues for German energy exchange EEX, it said on Wednesday in its annual results.
Sales revenues from that business were €1.3 million in its 2014 financial year, down from €1.6 million the year prior.
“A decline in volumes was recorded on the primary market due to … backloading,” it said in its results.
EEX said the decrease was offset slightly by a 6% rise in secondary spot trading.
However, the bourse has also experienced a severe drop in EUA futures trading compared to 2013.
EEX grew its overall sales revenue by 24% year-on-year to €77.1 million, and its profit by 28% to €17.5 million.