Deutsche Börse Group Reports Strong Financials for Q1 2022

Deutsche Börse Group has released its financial results for the first quarter of 2022. According to the report, the group’s net revenue for the quarter was €1.06 million, which is a 24% increase from Q1 2021. The increase in revenue has been attributed to a surge in trading activities.

Earnings Per Share Also Increased

The quarter revenue was far higher than the cyclical expectations of the group. “The first quarter of 2022 was considerably above our expectations,” Chief Financial Officer of Deutsche Börse AG, Gregor Pottmeyer, said.

Additionally, the company’s EBITDA surged to €687.4 million, which represents a 32% surge for the quarter. The group also realized an increase in net profit. According to the report, the net profit came at €420.8 million, which represents a 33% increase from the net profit in Q1 2021.

Following the increase in net profit, the per-share earnings also increased to €2.40, representing a 33% surge year-over-year (YoY).

Pottmeyer noted that all the three growth components of the group’s business, which include cyclical, secular, and M&A net revenue growth, contribute equally to the increased revenue recorded for the first quarter of the year. As a result of the growth, the company is expecting to exceed the projected revenue for the second quarter.

The group has also increased its expectations for the current financial year and is looking at a revenue of more than €3.8 billion. It also expects to grow its EBITDA to more than €2.2 billion.

It was much higher than the financial figures for 2021 as the group ended the year with net revenue of €3.51 billion while the EBITDA reached  €2.04 billion.

Deutsche Börse Group Sets Expansion Targets

The group has been busy in the market lately as it continues to take important decisions toward its operational efficiency and market expansion. Last month, the group discontinued the services of Eurex Securities Transactions Services GmbH. Its subsidiary Clearstream also sold 50% of its stake in the European trade repository, REGIS-TR. Earlier this year, it expanded its data service following the acquisition of Luxumbourg-based Kneip Communication.

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