Highlights Q3/2014 Results Presentation
- Higher equity market volatility towards the end of Q3 supported derivatives and cash activities; Clearstream and Market Data + Services continued its positive performance
- Net revenue in Q3 amounted to €495.9 million, a year-over-year increase of 8 percent; adjustedoperating costs increased due higher investments and consolidation effects to €266.0 million
- Adjusted EBIT amounted to €233.5 million, up 4 percent against Q3/2013; adjusted earnings per share stood at €0.85, an increase of 2 percent
- Net revenue in the first nine months 2014 were up 4 percent to €1,498.5 million and adjusted earnings per share increased 1 percent to €2.75
- Based on Q1-3/2014 financials and the very strong volume development in October, the company expects to meet the mid-point of its 2014 net revenue guidance of €1.9 to €2.1 billion; the cost guidance for 2014 is unchanged at €1,050 million excluding one-offs and consolidation effects1
- Deutsche Börse continues to make progress in developing new growth areas (e.g. OTC clearing, collateral management, T2S) and expanding into higher growth regions like Asia
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1) Around €30m for efficiency programs and merger related costs and around €15m consolidation effects: Impendium (Q1/14), Cleartrade
