Deutsche Börse Reports Strong Q3 Performance, Accelerated Growth

German trading giant, Deutsche Börse Group, has reported its figures for the third quarter of 2015 today. Net revenue of the group increased by 20% year over year to €594.4 million. This significant increase is attributed by Deutsche Börse primarily to persistently high equity market volatility, the positive development in custody and administration of securities, and the market data business.

At €344.0 million, operating costs increased 25.5% in Q3 2015 mainly due to consolidation and exchange rate effects. Adjusted EBIT amounted to €283.1 million, up 21.4% from Q3 2014, and basic adjusted earnings per Deutsche Börse share were €1.03.

The group recently completed the acquisition of index provider STOXX and the acquisition of OTC trading venue 360T. To fund the two transactions, a hybrid bond with a principal amount of €600 million, treasury shares of €200 million and a bond with a principal amount of €500 million were placed in the market. 360T was included in Deutsche Börse’s financial statements since the beginning of October.

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The group now expects operating costs, adjusted for non-recurring items, of €1.245 billion for 2015 as a result of the consolidation of 360T. At the same time, the group says it will generate additional net revenue of approximately €17 million until the end of the year.

Gregor Pottmeyer, Deutsche Börse AG’s CFO and Executive Board member for human resources, said: “In light of the continuing positive market environment, with double-digit growth rates in the trading business, as well as continuous growth at Clearstream and Market Data + Services, the Group is expecting net revenue at the upper end of the forecast range of €2.2 to €2.4 billion for full-year 2015. In addition, the Group has already made excellent progress with the implementation of the ‘Accelerate’ growth strategy announced at the end of July.”