Deutsche Börse AG has released its first quarter results for 2019.
- Net revenue of €720.8 million, up 4% YoY (Q1/2018: €691.6 million).
- Deutsche Börse achieved approximately 5% growth of the secular net revenue, in line with its guidance.
- Adjusted operating costs of €248.6 million
- Operating costs were adjusted for non-recurring effects totalling approximately €24.6 million
- Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at €475.5 million, up 9% YoY (Q1/2018: €438.1 million).
- Adjusted net profit for the period attributable to Deutsche Börse AG shareholders (net profit) thus rose by 8%, to €291.9 million (Q1/2018: €270.7 million).
- Basic earnings per share, adjusted for non-recurring effects, up 10% and amounted to €1.59 (Q1/2018: €1.45).
Gregor Pottmeyer, CFO of Deutsche Börse AG, commented:
In a weak equity market environment during the first quarter of 2019, Deutsche Börse was able to draw upon strengths such as the planned growth of structural net revenue by 5 per cent and its diversified business model. Hence, earnings growth in the first quarter is in-line with the guidance for the full year.
The complete report can be seen here.