Deutsche Borse : Deutsche Börse reported a rather soft Q3 2020 triggered by cyclical headwinds; FY 2020 guidance within reach
>Net revenue development burdened by cyclical headwinds - Deutsche Börse reported a net revenue decline of 4% y-o-y in Q3 2020 to € 708m (ODDO BHF: € 717m, consensus € 719m). Negative cyclical growth stood at -9%, secular growth at +4% and consolidation effects contributed +2% to overall net revenue decline in the quarter. Major negative deviations to our estimates were attributable to the Eurex, Clearstream and Qontigo business segments. Adjusted EPS came in at € 1.3...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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