Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Börse : Q2 2019 in line with estimates and at the lower end of the targeted run rate

>Q2 2019 results broadly in line with estimates - Deutsche Börse reported Q2 2019 results broadly in line with estimates. Adj. EBIT stood at €410.8m, up 7.1% y-o-y (cons. €412.3m) and broadly met expectations. Adj. EPS came in at €1.58, up 11.3% y-o-y and slightly beat our and consensus estimates of €1.55 triggered by a positive one-off in the financial result (reversal of provisions for interest on expected tax payments) and by a favourable tax rate in the quarter.§r...
Underlying
Deutsche Boerse AG

Deutsche Boerse is a financial services provider. Co.'s segments include Eurex, which comprises areas such as T7 electronic derivatives market trading platform, T7 electronic options trading platform, and Eurex Repo® over-the-counter trading platform; Xetra, which comprises areas such as cash market, the Specialist trading, and Eurex Bonds® OTC trading platform. Clearstream, which comprises custody and settlement services, securities financing services and collateral management, and investment funds services; and Market Data + Services, which comprises areas such as Distribution of licenses for real-time trading and market signals, and development and sales of indices.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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