Deutsche Börse AG Announces Strong Revenues and Profit for 2016

Frankfurt-based Deutsche Börse AG, Germany’s paramount Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, today disclosed its preliminary results for the fourth quarter and the financial year 2016. According to the German bourse, which recently announced merger talks with the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, the metrics were largely stronger when weighed against 2015 equivalents.

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In particular, Deutsche Börse reported a net revenue of €2.38 billion ($2.53 billion), which was higher by 8 percent year-on-year from €2.22 billion ($2.35 billion) in 2015. Moreover, Deutsche Börse saw a period of strong revenues in the fourth quarter, which reached the highest level since 2008, fueled by advances in yields across a number of its business segments including development in the Eurex products.

The same narrative was noted across Deutsche Börse’s total operating income for 2016, having yielded a profit of €810.8 million ($858.9 million) – this represents a jump of 14 percent year-on-year from €712.1 million ($754.4 million) in 2015. Another area of strength for the year was the group’s basic earnings per share (EPS), which orchestrated a rise up to €4.34 in 2016, up 13 percent year-on-year from €3.85 in the year earlier.

In terms of operating costs, the German bourse saw a figure of €1,174.2 million in Q4 2015, registering a tepid increase of less than 1.0 percent year-on-year from €1,158.4 million in the year prior.

Carsten Kengeter, CEO of Deutsche Börse AG, who is being investigated over possible insider trading, commented on the preliminary results: “In addition to progress made with the planned merger with London Stock Exchange Group, we continued to consistently implement our ‘Accelerate’ growth strategy during 2016. In this context, we launched numerous new growth initiatives, further optimised our portfolio of projects and investments, and positioned the Group more client-centric. With this, we reached the upper end of our profit forecast range.”