Clearstreams net revenue for the financial year ending Dec. 31 2012 was 660.9 million, down from 695.3 million in 2011. Deutsche Boerse revealed these figures in its preliminary results for the fourth quarter and the full year 2012.
For the fourth quarter of 2012, Deutsche Boerses post trade service provider had revenues of 158.2 million, compared to 176.9 million for the fourth quarter of 2011.
Clearstream had earnings before interest and tax (EBIT) of 316.9 million for the year ending Dec. 31 2012, compared to 375.1 million for 2011. For the fourth quarter of 2012, Clearstream had an EBIT of 66.7 million, compared to an EBIT of 86.3 million for the fourth quarter of 2011.
At a group level, Deutsche Boerses net revenue declined by 9% in financial year 2012 to 1.9 billion (2011: 2.1 billion) “due to the challenging market environment”.
“As a result of historically low-key interest rates, net interest income from the banking business decreased to 52 million (2011: 75.1 million), in spite of higher average customer cash deposits,” added Deutsche Boerse.
Mainly because of lower net revenue, Deutsche Boerse earnings before interest and tax (EBIT) declined to 969.4 million (2011: 1.16 billion). Adjusted for the one-off effects mentioned above, the Groups EBIT amounted to 1 billion (2011: 1.2 billion).
The groups financial result for the financial year 2012 was 132.7 million (2011: 3.8 million). The significant decrease is primarily due to Deutsche Boerse agreement with SIX Group to acquire all the shares in Eurex Zrich. Under the terms of the agreement, part of the purchase price was to be settled in shares of Deutsche Boerse. The equity component of the purchase price liability was definitively measured at fair value through profit and loss on Feb. 1 2012.
n the fourth quarter of 2012, Deutsche Boerse generated net revenue of 447.7 million (Q4, 2011: 510.1 million). Net interest income from its banking business decreased to 8.4 million (Q4, 2011: 19.3 million). EBIT in the last quarter of 2012 was 185.2 million, compared to 230.9 million in the previous year.
(JDC)