Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Borse : We increase our target price on more favourable volume trends

>Deutsche Börse reported a strong year-end finish - Deutsche Börse reported a strong finish to the year. Q4 2021 net revenues were up by 14.8% y-o-y to € 934.8m vs. € 905m consensus. Reported EPS came to € 1.53, up by 18.9% y-o-y and compares with € 1.52 for the consensus. Software impairments of € 12m burdened bottom line profitability in the quarter. DPS proposal stands at € 3.20 per share up by 7% and in line with expectations. For FY 2021, Deutsche Börse comfortab...
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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