On Monday, Deutsche Börse Group reported a trading update in the first quarter, which revealed a 6 % increase in net revenue, reaching 1.51 billion euros. The Stock Exchange operator benefited from the strong market activity amid continuous financial uncertainty.
The company said that Ebitda increased by 4 % year on an annual basis to 912.3 million euros, while net revenue increased with the exception of the results of the Treasury-the preferred scale of the group for performance management-by 10 % to 1.28 billion euros, which slightly exceeds expectations. EBITDA increased on the same basis by 11 % to 681.9 million euros.
The net profit, which is attributed to the shareholders, reached 524.9 million euros, with the increase in profits per share before the purchase price (cash) is allocated by 6 % to 3.05 euros.
“In the first quarter, the developments of the dynamic market and the changing environmental conditions led to the continuous uncertainty in the market,” said Gregor Potter, the financial manager of Deutsche Börse Ag. “In this environment, we support our customers a reliable partner in effectively trading and managing risk – through the entire investment process.”
He added that the revenues and profit are “slightly higher than our initial expectations” and reaffirmed the company’s expectations for the entire year, noting that it can be reviewed up if the market fluctuated remains high.