Deutsche Börse released its financial figures for 2021 on Wednesday, reporting a net revenue increase of 9 percent to €3.51 billion. It highlighted that it has met its target despite ‘strong cyclical headwinds’ last year.

Additionally, the company pointed out that there was low market volatility last year compared to the record 2020, resulting in a net revenue reduction on the derivatives exchange, Eurex and cash equities Xetra . The net interest income from the post-trading segment, Clearstream also fell.

But, the company closed the year with an EBITDA of €2.04 billion, which is 9 percent higher than the previous 12 months.

All of this was achieved with 13 percent higher operating costs. This figure touched f €1.5 billion primarily due to the Deutsche Börse acquisition of ISS. Otherwise, the yearly organic operating costs remained stable.

The German company closed the year with a net profit of €1.2 billion. Moreover, the earnings per share increased by 12 percent to €6.59.

“We have achieved our ambitious growth and earnings targets in full, despite significant cyclical headwinds from the markets,” said the CEO of Deutsche Börse AG, Theodor Weimer. “This was possible thanks to the now considerable diversification of our business and the dedication of our employees around the world. The growing share of recurring net revenue pleases me especially.”

Bullish Guidance

The company now has set an ambitious goal for 2022. It is expected to generate net revenue of around €3.8 billion, with an EBITDA of €2.2 billion.

“We also responded rapidly to market developments in 2021 with very effective and smooth cost management. All in all, this has brought us an important step further in our ambitious plans until 2023,” Weimer added.

“We will continue to implement our Compass 2023 strategy consistently with a focus on secular growth and M&A.”

Deutsche Börse released its financial figures for 2021 on Wednesday, reporting a net revenue increase of 9 percent to €3.51 billion. It highlighted that it has met its target despite ‘strong cyclical headwinds’ last year.

Additionally, the company pointed out that there was low market volatility last year compared to the record 2020, resulting in a net revenue reduction on the derivatives exchange, Eurex and cash equities Xetra . The net interest income from the post-trading segment, Clearstream also fell.

But, the company closed the year with an EBITDA of €2.04 billion, which is 9 percent higher than the previous 12 months.

All of this was achieved with 13 percent higher operating costs. This figure touched f €1.5 billion primarily due to the Deutsche Börse acquisition of ISS. Otherwise, the yearly organic operating costs remained stable.

The German company closed the year with a net profit of €1.2 billion. Moreover, the earnings per share increased by 12 percent to €6.59.

“We have achieved our ambitious growth and earnings targets in full, despite significant cyclical headwinds from the markets,” said the CEO of Deutsche Börse AG, Theodor Weimer. “This was possible thanks to the now considerable diversification of our business and the dedication of our employees around the world. The growing share of recurring net revenue pleases me especially.”

Bullish Guidance

The company now has set an ambitious goal for 2022. It is expected to generate net revenue of around €3.8 billion, with an EBITDA of €2.2 billion.

“We also responded rapidly to market developments in 2021 with very effective and smooth cost management. All in all, this has brought us an important step further in our ambitious plans until 2023,” Weimer added.

“We will continue to implement our Compass 2023 strategy consistently with a focus on secular growth and M&A.”