Deutsche Börse earned 1.43 billion euros in the first three months of the current year. That is 16 percent more than in the same period last year.
Thanks to a takeover and good business in many of its divisions, Deutsche Börse remains on record. In the first three months, revenues rose by 16 percent to 1.43 billion euros, mainly thanks to a takeover, the DAX-listed company announced on Tuesday evening in Eschborn. Earnings before interest, taxes, depreciation and amortization (Ebitda) rose by 13 percent to 875 million euros. While the increase in income was as expected, the operating result significantly exceeded the experts’ expectations. The soon-to-be-departing company boss Theodor Weimer also confirmed the forecasts for the current year
In his last year at the helm of the company, he would like to continue the record run and increase earnings again. For 2024, he expects net revenue to grow to more than 5.6 billion euros and an increase in operating profit to more than 3.2 billion euros. That would be an increase of at least ten percent in revenue and an increase of around nine percent in operating profit. Deutsche Börse is expected to continue to grow strongly in the medium term. The Executive Board is aiming for a double-digit increase in sales and earnings every year up to and including 2026.
Stephan Leithner will be boss from 2025
The company also arranged Weimer’s successor at the beginning of March. Stephan Leithner will become co-head of Deutsche Börse on October 1st. At the turn of the year, the 57-year-old will take over sole management of the Frankfurt market operator for at least five years. Former Deutsche Bank manager Leithner, who has been a member of the Deutsche Börse board since 2018, was also promoted to deputy chairman of the board at the beginning of March.
Since taking office at the beginning of 2018, Weimer has primarily expanded the data and software solutions business, including through acquisitions. The biggest coup was the record acquisition of the Danish software provider Simcorp for 3.9 billion euros, which was completed in autumn 2023. The former HVB manager has thus further reduced the stock exchange operator’s dependence on fluctuations on the financial markets. Of the 16 percent increase in revenue, almost ten percentage points or two thirds were attributable to Simcorp.
Source: Stern
