Deutsche Borse : Q2 2020 in line with expectation; more cyclical headwind in H2 2020e
>Flattish development of Q2 2020 bottom line results, in line with expectations - Deutsche Börse reported broadly flat bottom line results for Q2 2020, in line with expectations. Adjusted EPS stood at € 1.57 (down by 0.6% y-o-y) and compares to our € 1.58 and € 1.56 consensus estimate. Net revenue stood at € 777.5m supported by a healthy growth rate of 7.3% y-o-y (7% structural growth, 2% positive consolidation effect and 2% negative cyclical growth). Operating cost ...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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