Deutsche Borse : Q3 2023 ahead of estimates; SimCorp cash EPS accretive starting 2024e
>Q3 2023 results modestly ahead of estimates - Deutsche Börse reported Q3 2023 results modestly ahead of estimates. Group net revenue stood at € 1,188m (up by 9% y-o-y), in line with estimates. Group adj. EBITDA (adj. for € 37m negative one-offs related to SimCorp transaction costs and costs to achieve) came to € 722m and compares to our € 709m and € 712m consensus estimate. We have integrated now in our estimate the SimCorp acquisition which is cash EPS accretive sta...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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