Deutsche Brse reported on Wednesday that, compared to the second quarter of last year, sales revenue increased by about 12 percent, to 205.3 million euros. Earnings before taxes and interest (EBIT), at 80.0 million euros, was 14 percent higher than in the second quarter of last year. For the first half of the current year, this results in an increase of about 10 percent in sales revenue, to 410.2 million euros, EBIT rose by about 4 percent, to 167.4 million euros.
Deutsche Brse’s Chief Financial Officer Mathias Hlubek said: “The second-quarter results again confirm the growth potential for the Deutsche Brse Group. Against the background of these figures, we are confident that we will meet our ambitious growth and profitability targets for the year as a whole.”
The segment reporting shows a definite rise in Q2 sales revenue at Eurex (up 17 percent), Information Products (up 28 percent) and Information Technology (up 35 percent), while sales revenue in the Xetra segment, which comprises the cash-market activities, declined due to the continuing downturn in trading on the floor (13 percent lower).
Eurex set a new record in turnover with 182.6 million contracts traded during the second quarter, with a decisive increase above all in the index products of about 64 percent. In Information Products, the new packaging introduced on April 1, in other words the bundling of data into information packages, had a favorable impact on revenue. Revenue growth in Information Products was achieved especially outside Germany. In the case of Xetra, the weak environment in the equities market had an unfavorable effect, although the number of transactions on the electronic trading system continues to grow.
The Information Products and Settlement segments showed significant growth in EBIT of about 348 percent and 74 percent, respectively. In the case of Information Products, it is the first quarterly result in which the development costs for the CEF data distribution system introduced last year are no longer reflected. The rise in earnings in the Settlement segment as of the third quarter, the earnings of the subsidiary Clearstream will be fully consolidated for the first time is the result of a cost-cutting program which reduced the outlays for external services in particular. At Eurex, the EBIT remains at a constant level with 27.9 million euros in spite of a distinct rise in sales revenue due to further expenditure in the subsidiaries Eurex Bonds GmbH and Eurex Repo GmbH as well as higher marketing outlays for new products.