Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Borse : Ongoing growth momentum comes along with increasing cost pressure

>Q3 2022 results ahead of estimates - Deutsche Börse reported Q3 2022 results ahead of our and consensus estimates. Net revenue grew by 30% y-o-y to € 1,090m and came in ahead of the consensus estimate of € 1,019m. Attributable net profit increased by 24% y-o-y to € 373m which compares with the consensus expectation of € 349m. We have reviewed our estimates for Deutsche Börse and have increased our cash EPS estimates modestly by 1.5% for 2023e to € 9.22 and by 1.3% fo...
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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