Q3 2007 was the most successful quarter in the history of Deutsche Boerse to date, including a 30% increase in sales.
The result was up significantly on both the figures for the same quarter of 2006 and those for Q2 2007, the company’s most successful quarter thus far. Sales revenue for Q3 2007 rose by 30% as against Q3 2006 to 561.9 million. Furthermore, the company reported net interest income from banking business totaling 59.2 million.
Costs amounted to 274.5 million in Q3, including provisions for stock performance-related incentive schemes of around 12 million. EBITA increased by 44% as against the prior-year quarter to 368.3 million. Based on an average of 194.3 million outstanding shares, earnings per share for Q3 increased by 40% to 1.23.
Sales revenue in the first nine months of 2007 increased by 19% to 1,647.5 million; an additional 167.3 million was generated in the form of net interest income from the banking business. EBITA climbed by 23% to 990.4 million. EPS rose by 26% to total 3.30.
“Strong growth in business activity paired with cost discipline contributed to these excellent results for the third quarter,” says Thomas Eichelmann, Deutsche Boerse CFO. “Against the background of strong structural growth drivers across all business areas, as well as positive effects from the restructuring and efficiency program, we expect to achieve a new record result in 2008.”
In mid-September, Deutsche Boerse forecasted total costs of 1,130 million for the 2008 fiscal year, taking into account the positive impact of the company’s restructuring and efficiency program. The forecast did not include the costs that will result from the consolidation of the International Securities Exchange (ISE) in Deutsche Boerse Group’s accounts.