Deutsche Börse AG Announces Strong Revenues and Profit for 2016

Photo: Bloomberg, The trading floor of Deutsche Boerse in Frankfurt

Frankfurt-based Deutsche Börse AG, Germany’s paramount exchange, 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, 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.

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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.”