Net Revenue Jumps 8% YoY at Deutsche Börse – Reports Q3 Metrics

Germany's largest financial trading venue reports strong operating metrics in Q3. The firm saw net revenue increase to $630 mln

German trading venue, Deutsche Borse, has announced its third quarter earnings data. The venue saw a rise in its net revenue and operating profit, the move comes on the back of solid growth at the venue which benefited from a pick up in trading activity.

The Frankfurt-based organisation published its third quarter earnings, the Group generated net revenue of $630 million, an increase of 8 percent on figures filed a year earlier which saw the venue achieve $581 million in net revenues. In addition, the venue saw its operating costs reach $366 million in the 3rd quarter. The exchange stated that the increase is attributable to consolidation effects and higher investments in growth initiatives and infrastructure.

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During the notification the venue also reported its earnings, year till date. In the first nine months of 2014, the Group generated a net revenue of $1.9 billion, a year-on-year increase of 4 percent, The Group’s adjusted operating costs amounted to $963 million. Adjusted EBIT amounted to $945 million and adjusted earnings per share increased slightly to $3.49.

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The firm’s CFO and Executive Board member for human resources, Gregor Pottmeyer, spoke about the results in a statement, he said: “Trading activity on the Group’s markets picked up significantly at the end of the third quarter. In combination with continuous growth at Clearstream and in the Market Data + Services segment, this increased the Group’s net revenue and earnings compared with the previous year.”

Deutsche Borse offers users a diverse selection of financial instruments, the global outfit provides connectivity to a number of exchanges including the Frankfurt Stock Exchange and Eurex. The venue operates a number of solutions that complement its core activities, including clearing, trading technology and settlement.

Mr. Pottmeyer added: “The growth trend continued in October, with high double-digit growth rates in some parts of the business. Against this background, the Group is reiterating its guidance for 2014 and now expects to generate net revenue roughly in the middle of the forecast range of €1.9 to €2.1 billion. As for operating costs, the Group is maintaining its forecast of €1,050 million, excluding non-recurring items and consolidation effects.”

The firm also reported that Carsten Kengeter will succeed Chief Executive, Reto Francioni, who has put his resignation forward. The venue also reported that it is involved in the technology side of the forthcoming African Exchange.

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