Deutsche Börse also managed to achieve a slight increase in revenues for the first quarter.
Despite less than ideal market conditions, Deutsche Börse AG has reported a slight increase in net revenues year-on-year for the first quarter of 2019 on Monday, thanks to solid performance by its subsidiaries 360T and EEX, among others.
Specifically, 360T, the foreign exchange (forex) subsidiary of Deutsche Börse, managed to achieve net revenue of €21.4 million during the first quarter of 2019. This translates to a growth of 21.6 percent year-on-year.
For the FX platform, revenues generated from trading was the largest contributor to net revenue for the subsidiary, climbing by 18.7 percent to reach €17.8 million.
For Deutsche Börse as a whole, during the quarter, net revenue was €720.8 million, which is higher by four percent when measured against the same time period of the previous year, which had net revenue of €691.6 million.
Commenting on the results, Gregor Pottmeyer, the CFO of Deutsche Börse AG, said: “In a weak equity market environment during the first quarter of 2019, Deutsche Börse was able to draw upon strengths such as the planned growth of structural net revenue by five percent and its diversified business model. Hence, earnings growth in the first quarter is in-line with the guidance for the full year.”
The biggest contributor to revenues came from sales, at €747.0 million. When comparing this against the first quarter of 2018, it has risen slightly by 1.9 percent.
Although both total revenue and net revenue grew on an annual comparison, the market environment and the lower year-on-year level of equity Volatility had an adverse impact on cyclical net revenue, the statement said.
360T, Eurex and EEX Report YoY Revenue Growth
Breaking net revenue down, Eurex noted a net revenue for the first quarter of 2019 of €237.6 million. This is slightly higher than the net revenue reported in Q1 of 2018 (€237.0 million) by 0.2 percent.
EEX, which focuses on commodities, reported particularly strong growth in revenues for the quarter, at €73.6 million. This is up by 19.1 percent year-on-year. According to the report, this can be attributed to a higher level of price volatility in the energy markets.
Despite less than ideal market conditions, Deutsche Börse AG has reported a slight increase in net revenues year-on-year for the first quarter of 2019 on Monday, thanks to solid performance by its subsidiaries 360T and EEX, among others.
Specifically, 360T, the foreign exchange (forex) subsidiary of Deutsche Börse, managed to achieve net revenue of €21.4 million during the first quarter of 2019. This translates to a growth of 21.6 percent year-on-year.
For the FX platform, revenues generated from trading was the largest contributor to net revenue for the subsidiary, climbing by 18.7 percent to reach €17.8 million.
For Deutsche Börse as a whole, during the quarter, net revenue was €720.8 million, which is higher by four percent when measured against the same time period of the previous year, which had net revenue of €691.6 million.
Commenting on the results, Gregor Pottmeyer, the CFO of Deutsche Börse AG, said: “In a weak equity market environment during the first quarter of 2019, Deutsche Börse was able to draw upon strengths such as the planned growth of structural net revenue by five percent and its diversified business model. Hence, earnings growth in the first quarter is in-line with the guidance for the full year.”
The biggest contributor to revenues came from sales, at €747.0 million. When comparing this against the first quarter of 2018, it has risen slightly by 1.9 percent.
Although both total revenue and net revenue grew on an annual comparison, the market environment and the lower year-on-year level of equity Volatility had an adverse impact on cyclical net revenue, the statement said.
360T, Eurex and EEX Report YoY Revenue Growth
Breaking net revenue down, Eurex noted a net revenue for the first quarter of 2019 of €237.6 million. This is slightly higher than the net revenue reported in Q1 of 2018 (€237.0 million) by 0.2 percent.
EEX, which focuses on commodities, reported particularly strong growth in revenues for the quarter, at €73.6 million. This is up by 19.1 percent year-on-year. According to the report, this can be attributed to a higher level of price volatility in the energy markets.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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