Deutsche Börse AG today reported record sales revenues and earnings for its third quarter.
Revenues were up by about 20% compared to the same quarter last year, it reported. Earnings before interest, taxes and goodwill amortization saw a year-on-year increase of 42%.
Clearstream is the strongest segment in terms of revenue, driven by international custody business and settlement, and EBITA in this segment rose by 40%. The Eurex segment saw revenue rise 28% due to higher trading volumes and a revision of profit allocation between SWX Swiss Exchange and Deutsche Börse. As of this year, Deutsche Börse receives 85% of Eurex profits, compared with the previous 80%.
Sales revenue in the Xetra segment increased by 38% in Q3, as a result of greater trading activity on the Xetra trading system and floor trading. EBITA climbed 85%. The number of transactions on Xetra was up 39%. Revenue in the Market Data & Analytics segment increased by 8%, and the Information Technology segment grew by 12%.
Chief financial officer Mathias Hlubek said he was very pleased with the company’s business performance in the first nine months of 2005. “Revenues in the group grew by an extremely strong 13% in the first nine months. Based on this performance and our successful cost management, 532 million euros in EBITA for the first three quarters exceeded the 528 million euros in EBITA for the full year 2004.”
Hlubek is also confident about fiscal year 2006: “The cost benefits of the integrated business model and continued cost discipline strengthen our expectation that EBITA for fiscal year 2006 will exceed 2005 levels, even if revenue performance normalizes,” he added.
Revenues jump 20% on higher trading volumes
- By: James Langton
- November 7, 2005 November 7, 2005
- 16:45