Deutsche Börse Reports Strong Q3 Performance, Accelerated Growth
- The group now expects operating costs of €1.245 billion for 2015 as a result of the acquisition and consolidation of 360T.
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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, 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 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 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.
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.”
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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, 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 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 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.
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.”