Report
Roland Pfaender,MBA,CFA,CCRA

Deutsche Börse : Q4 2019 EPS growth held back by increasing costs and tough y-o-y comps

>We forecast Q4 2019 adjusted EPS of € 1.27, up 1.3% y-o-y -
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Deutsche Börse is due to report its 2019 results on 17 February 2020. We forecast Q4 2019 adjusted EPS of € 1.27, up 1.3% y-o-y, held back by rising costs and a challenging y-o-y base of comparison. 2019 adjusted EPS should come in at € 5.98 (previous ODDO BHF estimate € 6.05, consensus € 5.96), up by 10.3% y-o-y and thus in line with the company’s target to generate adjusted EPS growth =10% p.a. §hp...
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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