“Strong double-digit growth rates across all core business areas combined with ongoing cost discipline made a substantial contribution to these excellent results, and prove impressively the merits of our business model,” commented CFO Mathias Hlubek. Sustained growth in the core business, strict cost management and disciplined implementation of the capital management program are having a positive effect on the Group’s key performance figures, said Hlubek. “We have already reached our goal of a 20 percent return on equity (post tax), which we originally set for 2007.” As a result of the excellent performance and sizeable share buybacks within the framework of the capital management program, earnings per share saw a substantial rise of 66 percent.
Segment reporting shows that Clearstream was the strongest segment in terms of sales revenue. Total revenue (sales and net interest income from banking business) rose by 18 percent to €210.8 million (Q1/2005: €178.0 million), and EBITA was up by 28 percent to €79.2 million (Q1/2005: €61.7 million).
In the Eurex segment, Deutsche Börse generated sales revenue of €148.3 million in the first quarter, thereby surpassing the comparative 2005 figure by 18 percent (Q1/2005: €125.5 million). This sales growth was the result of significantly higher trading volumes. And at the same time, costs have fallen. Thus, EBITA was around 48 percent higher year-on-year at €101.9 million (Q1/2005: €68.9 million).
Sales revenue of €83.2 million was generated by the Xetra segment, a rise of around 41 percent year-on-year (Q1/2005: €59.1 million). Here as well, the rise resulted from increased trading activity. With costs remaining largely unchanged, EBITA climbed by around 77 percent year-on-year to €47.7 million (Q1/2005: €27.0 million).
Sales revenue in the Market Data & Analytics segment grew by 11 percent in the first quarter to €35.3 million (Q1/2005: €31.8 million). Owing to cost increases, EBITA of €11.0 million remained on the previous-year level (Q1/2005: €11.0 million).
Sales revenue in the Information Technology segment reached €21.4 million in the first quarter (Q1/2005: €31.0 million). This was partially attributable to the deconsolidation of the subsidiary entory, which was sold to Softlab GmbH in the second half of 2005. EBITA in this segment rose slightly by around 9 percent year-on-year to €18.9 million (Q1/2005: €17.4 million).
| Performance indicators for the first quarter 2006 | |||||
| First quarter to 31 March 2006 | First quarter to 31 March 2005 | ||||
Sales revenue1) (in € million) | 464.7 | 399.4 | |||
EBITA (in € million) | 257.0 | 177.7 | |||
Earnings before tax (EBT) (in € million)
| 256,6 | 175,2 | |||
Net income for the period (in € million)
| 162.0 | 109.0 | |||
Cash flows from operating activities (in € million)
| 186.1 | 132.7 | |||
Earnings per share (basic and diluted) (in €) | 1.61 | 0.97 | |||
Number of shares2) | 100,482,012 | 111,802,880 | |||
1) External sales revenue excluding net interest income from banking business | |||||
| Attachments | ||
| Title | Type | Size |
| Interim Report 1/2006 - Gruppe Deutsche Börse | ||
