Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Borse : EBITDA runs ahead of guidance based on healthy volume trends

>H1 2024e EBITDA might cover 54% of FY 2024 guidance - We have updated and slightly increased our estimates for Deutsche Börse based on healthy volume trends and net interest income holding up better than initially expected. We forecast Q2 2024e EBITDA of € 848.1m, up by 15.7% y-o-y. Our H1 2024e EBITDA estimate of € 1,723.4m covers 54% of Deutsche Börse’s company guidance to reach FY 2024 EBITDA of > € 3.2bn. Thus, we believe a guidance upgrade seems likely at the H...
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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