Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Borse : Secular growth drove Q3 revenue development

>Q3 reported net profit of € 300m slightly above € 288m consensus - Deutsche Börse reported Q3 2021 net profit of € 300m, up by 32% y-o-y and came in moderately above the consensus estimate when adjusted for a € 7m tax one-off, which lowered the financial expenses in the quarter. Cash EPS increased by 36% y-o-y on a reported basis and 26% organically. Bottom line results were helped, as expected, by a € 32m valuation gain linked to Deutsche Börse’s stake in Clarity AI...
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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