Deutsche Börse Raises Guidance for 2024

Deutsche Börse Group has published its quarterly statement Q3/2024.

Overview of results:

• Our Group’s net revenue rose by 18 per cent in the third quarter to €1,403.9 million (Q3/2023: €1,188.3 million).
• Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €801.8 million (Q3/2023: €684.8 million), an increase of 17 per cent.
• Net profit for the period attributable to Deutsche Börse AG shareholders was €444.9 million (Q3/2023: €400.3 million). Earnings per share before purchase price allocation effects rose by 10 per cent to €2.61 (Q3/2023: €2.37).
• In view of the strong organic growth in net revenue we are again raising our guidance for the full year 2024 and now expect net revenue of around €5.8 billion. We now expect EBITDA to be within a range of €3.3 to 3.4 billion.
• We are fully on track with the implementation of the Horizon 2026 strategy and confirm our financial targets for the year 2026.
• The share capital of Deutsche Börse AG was reduced by €188,300,000.00 on 17 September 2024 when treasury shares were cancelled in accordance with the share buy-back programme.
• Gregor Pottmeyer, CFO of Deutsche Börse AG, commented on the results as follows: “Our secular net revenue growth continued to develop positively in the third quarter, as expected. Even if the tailwinds from the phase of high interest rates are gradually slowing, we are looking at a very attractive core business with further significant growth potential. All the segments in our Group contributed to our success in the first nine months. Our expectations were exceeded, especially in the Commodities unit and for net interest income. We now assume that we will again exceed the revised guidance for the full year 2024 and expect net revenue of around €5.8 billion, with EBITDA in a range of €3.3 to 3.4 billion.”
• Concerning the strategic outlook, Stephan Leithner, Co-CEO of Deutsche Börse AG, said: “We are right on track with the implementation of our Horizon 2026 strategy. The very good secular growth of our business units, together with the successful integration of SimCorp are clear signs of progress. We are working with great motivation and focus on implementing our strategy and are very confident of reaching our financial targets for 2026.”

Source: Deutsche Börse