Deutsche Borse : Strong Q1 2023 results driven by healthy trading volumes
>Deutsche Börse reported Q1 2023 results ahead of our and consensus estimates - Deutsche Börse reported Q1 2023 net profit of € 473.3m, up by 12.5% y-o-y and thus ahead of € 460.6m consensus and our € 450.2m estimate. Management now expects that the company might reach the upper end of the 2023 guidance (2023 EBITDA guidance € 2.6bn to € 2.8bn) or even slightly exceed it if the strong cyclical tailwinds continue. We have increased our estimates for Deutsche Börse and...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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