Deutsche Börse : Strong Q3 2018: On track to meet our FY 2018e estimates
>Q3 2018 adj. net income of € 239.6m ahead of estimates - Deutsche Börse (DB1) reported a strong set of Q3 2018 figures ahead of our estimates and consensus. Adj. group net revenues stood at € 651.4m (our estimate: € 644.3m, consensus: € 647.8m), up 13.0% yoy. Adj. EPS stood at € 1.30, up 22.6% yoy, additionally driven by cost containment and share buybacks.Secular and cyclical revenue drivers hold up - 9M 2018 net revenue growth splits into ~7% secul...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.
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.
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