Deutsche Börse Group Sees 24% Jump in Q1 2022 Revenue

Deutsche Börse Group has published its financials for the first quarter of 2022, reporting a 24 percent jump in its net revenue, primarily due to increased trading activities. In absolute terms, the figure came in at more than €1.06 million.

The quarterly revenue came in stronger than the cyclical expectations of the German financial services group.

The EBITDA of the  stock exchange  operator for the quarter also jumped by 32 percent to touch €687.4 million.

The group generated a net profit of €420.8 million in the quarter, which was 33 percent higher year-over-year. The per-share earnings to all the shareholders of the company came in at €2.40, up 33 percent.

“The first quarter of 2022 was considerably above our expectations,” said Gregor Pottmeyer, Deutsche Börse AG’s Chief Financial Officer.

“All three growth components of our business – secular, cyclical and M&A net revenue growth – contributed equally to the extraordinarily good result. We are therefore currently expecting to exceed our guidance for the current financial year.”

High Expectations

Indeed, the group is now expecting to close the ongoing financial year with total revenue of more than €3.8 billion and an EBITDA of over €2.2 billion. It was significantly higher than the previous year as Deutsche Börse ended 2021 with net revenue of €3.51 billion and an EBITDA of €2.04 billion.

The group also made several other key business decisions in the first three months of 2022. It acquired Luxumbourg-based Kneip Communication for the expansion of its data services.

Last month, it also took the decision to wind down the services of buy-in agent, Eurex Securities Transactions Services GmbH (Eurex STS), which came in response to the ‘Refit’ draft of the Central Securities Depository Regulation (CSDR) published last week by the European Commission. Additionally, Deutsche Börse’s subsidiary Clearstream also diluted 50 percent of its stake in the European trade repository, REGIS-TR.

Deutsche Börse Group has published its financials for the first quarter of 2022, reporting a 24 percent jump in its net revenue, primarily due to increased trading activities. In absolute terms, the figure came in at more than €1.06 million.

The quarterly revenue came in stronger than the cyclical expectations of the German financial services group.

The EBITDA of the  stock exchange  operator for the quarter also jumped by 32 percent to touch €687.4 million.

The group generated a net profit of €420.8 million in the quarter, which was 33 percent higher year-over-year. The per-share earnings to all the shareholders of the company came in at €2.40, up 33 percent.

“The first quarter of 2022 was considerably above our expectations,” said Gregor Pottmeyer, Deutsche Börse AG’s Chief Financial Officer.

“All three growth components of our business – secular, cyclical and M&A net revenue growth – contributed equally to the extraordinarily good result. We are therefore currently expecting to exceed our guidance for the current financial year.”

High Expectations

Indeed, the group is now expecting to close the ongoing financial year with total revenue of more than €3.8 billion and an EBITDA of over €2.2 billion. It was significantly higher than the previous year as Deutsche Börse ended 2021 with net revenue of €3.51 billion and an EBITDA of €2.04 billion.

The group also made several other key business decisions in the first three months of 2022. It acquired Luxumbourg-based Kneip Communication for the expansion of its data services.

Last month, it also took the decision to wind down the services of buy-in agent, Eurex Securities Transactions Services GmbH (Eurex STS), which came in response to the ‘Refit’ draft of the Central Securities Depository Regulation (CSDR) published last week by the European Commission. Additionally, Deutsche Börse’s subsidiary Clearstream also diluted 50 percent of its stake in the European trade repository, REGIS-TR.

Source: https://www.financemagnates.com/institutional-forex/deutsche-brse-group-sees-24-jump-in-q1-2022-revenue/