Deutsche Börse Loses Steam in Q2, Still Posts Solid H1 Results

Marketplace organizer Deutsche Börse has today released its financial results for the second quarter of 2020, revealing an overall uptick in revenues for the Group.

During the three month period, net revenue reached €778 million. When measuring this against the same period of the previous year, revenues have increased by 7 percent. This growth was largely driven by the continued positive contribution of secular growth initiatives.

Net profit for the second quarter of 2020, however, fell by 4 percent, which was below forecasts. EBITDA increased by 4 percent year on year, and operating costs were up by 15 percent.

For the first half of the year, net revenues increased by 17 percent year on year to reach €1.7 billion. Adjusted net profit for the first six months of the year was also up by 16 percent at €676 million.

360T net revenues increase by 8% YoY

360T, the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) over the counter (OTC) trading platform of Deutsche Börse, saw an 8 percent rise in net revenue, reaching €23.6 million, up from €21.8 million in the second quarter of 2019.

The FX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term also achieved a 7 percent annual gain in EBITDA across the second quarter at €10.2 billion. Q2 of 2019 recorded EBITDA of €9.5 million. The average daily volumes during Q2 on 360T was €81 billion, which remains flat year-on-year.

Deutsche Börse 2020 outlook remains unchanged

Although the Group reported a strong performance for the first half overall, its guidance for the full year of 2020 remains unchanged. This could be because momentum has slowed after the first quarter of this year, driven by heightened volatility amid COVID-19. However, this is purely speculation.

Specifically, for the whole of 2020, Deutsche Börse expects to achieve continued secular net revenue growth of at least 5 percent and around €1.2 billion adjusted net profit.