Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Borse : Q1 2020 results even stronger than expected

>Positive cyclical effects were main profit drivers in Q1 2020 - Deutsche Börse reported net revenue growth of 27% y-o-y in Q1 2020 to € 914.8m (ODDO BHF: € 888.2m, consensus € 878m). Cyclical growth stood at 16%, secular growth at 8% and consolidation effects contributed 3% to overall net revenue growth in the quarter. Major positive deviations to our estimates were attributable to the Eurex and Clearstream business segments. Adjusted EPS came in at € 2.11, ahead of ...
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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