Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Börse : Q3 2019 results strong as expected, but headwinds from adverse NII trend have emerged

>Q3 2019 results strong and broadly in line with estimates - Deutsche Börse reported strong Q3 2019 results that were broadly in line with estimates. Adj. EBIT stood at € 408.1m, up 16.2% yoy vs our estimate of € 404.0m and consensus of € 405.3m. Adj. EPS increased 18.5% yoy to € 1.54, slightly exceeding both our estimate (€ 1.53) and consensus (€ 1.52).Secular net revenue growth stood at 6% - Deutsche Börse delivered Q3 2019 secular net revenue growt...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch