Deutsche Börse’s net revenue up 6% YoY in Q2/2019


Deutsche Börse

Deutsche Börse AG has released its results for the second quarter of 2019 earlier this week. The company generated net revenue in the amount of €724.8 million, up 6% YoY. As part of this, Deutsche Börse achieved structural net revenue growth of approximately 5%, in line with its expectations.

Furthermore, higher net interest income from banking business had a slightly positive impact on cyclical net revenue, amid stable equity market volatility compared with the previous year.

Highlights include:

  • Net revenue up 6% in Q2/2019, to €725 million.
  • Adjusted net profit for the period up 10% year-on-year in Q2/2019.
  • Adjusted earnings per share up 11%, to €1.58 for Q2/2019.
  • In the first half of 2019 net revenue was up 5 per cent while adjusted net profit rose by 9%.
  • Growth in the first half of 2019 is in line with the guidance for the full year.
  • The company confirms its goals for 2019.

At €260.0 million, adjusted operating costs were up 4 per cent year-on-year after restatement of the previous year’s figures according to IFRS 16.

Operating costs were adjusted for exceptional effects totalling €31.5 million. These effects mainly consist of structural measures aimed at improving operating efficiency within the scope of Deutsche Börse’s growth strategy “Roadmap 2020” as well as of costs for business combinations and acquisitions.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was €465.5 million and thus up 6 per cent year-on-year after restatement of the previous year’s figures due to IFRS 16.

Adjusted net profit for the period attributable to Deutsche Börse shareholders (net profit) increased by 10 per cent to €288.4 million. Basic earnings per share, adjusted for exceptional effects, rose by 11 per cent to €1.58.

Deutsche Börse generated net revenue of €1,445.6 million for the first half of 2019 – a 5 per cent year-on-year increase.

Basic earnings per share, adjusted for exceptional effects, amounted to €3.17 in the first half of 2019 – a 10 per cent increase.

Gregor Pottmeyer
Gregor Pottmeyer

Gregor Pottmeyer, CFO of Deutsche Börse AG, said:

In the first half of the year we were able to increase structural net revenue by 5 per cent, as planned. In addition, net profit rose stronger than net revenue: the 9 per cent growth rate is therefore also in line with the guidance for the full year. Hence, we are confident that we will achieve our goals for 2019.

Deutsche Börse’s complete Q2 results can be seen here.

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Deutsche Börse's net revenue up 6% YoY in Q2/2019

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