The acquisition of the half of Clearstream it diod not own already has buoyed the management of Deutsche Borse. Chief financial officer Mathias Hlubek predicted 10-15 per cent growth in revenues this year as he unveiled record results for 2001. “Diversified sources of revenue and further increases in efficiency form the basis for stability even in difficult market conditions,” he said. “Based on our prognoses for last year, which we have surpassed by far, we are also expecting 10 to 15 percent growth in sales for the current business year as well as even higher growth in profitability before write-downs and one-time effects.”
The 2001 annual financial statements show a 17 per cent increase in sales revenue, to Euros 760.3 million, while pre-tax earnings climbed 28 per cent to Euros 278.1 million, both well ahead of the target for both revenues (15 per cent) and profits (20 per cent). Earnings per share rose from Euros 1.95 euros to Euros 2.04 euros, and the board is expected to propose the dividend be increased by Euros 0.30 to Euros 0.36.