Deutsche Börse sees revenue growth for 2017
21 February 2018 Frankfurt
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Deutsche Börse has reported that its yearly revenue increased by 3 percent in 2017, ending the year with €2.4 million, compared to €2.3 million at the end of 2016.
The company also achieved structural net revenue growth of approximately 5 percent, which it said is in line with its planning.
Adjusted net profit for Deutsche Börse shareholders rose by 6 percent, to €857.1 million compared to €810.8 million at the end of 2016.
Basic earnings per share, adjusted for non-recurring effects, amounted to €4.59 for 2017.
The executive board of Deutsche Börse proposed to increase dividends for the 2017 financial year by 4 percent, to €2.45 per share compared to €2.35 per share in 2016.
Deutsche Börse said that the dividend proposal is equivalent to a distribution ratio of 53 percent of the adjusted net income, which is within the range set by Deutsche Börse Group’s dividend policy.
Cyclical decreases, however, amounted to approximately 2 percent, mainly in equity index derivatives.
Gregor Pottmeyer, CFO of Deutsche Börse, commented: “We were able to increase net revenue from our structural growth initiatives by 5 percent, as planned. However, as already indicated last year, due to negative cyclical effects, we did not quite achieve our growth targets for the full year.”
Theodor Weimer, CEO of Deutsche Börse AG, added: “For the current year, we plan for further structural net revenue growth of at least 5 percent. Moreover, we do not expect any further overall cyclical headwinds.
He said: “In addition, our efficient cost management will ensure the scalability of our business model so that we expect at least 10 percent net income growth for 2018.”
The company also achieved structural net revenue growth of approximately 5 percent, which it said is in line with its planning.
Adjusted net profit for Deutsche Börse shareholders rose by 6 percent, to €857.1 million compared to €810.8 million at the end of 2016.
Basic earnings per share, adjusted for non-recurring effects, amounted to €4.59 for 2017.
The executive board of Deutsche Börse proposed to increase dividends for the 2017 financial year by 4 percent, to €2.45 per share compared to €2.35 per share in 2016.
Deutsche Börse said that the dividend proposal is equivalent to a distribution ratio of 53 percent of the adjusted net income, which is within the range set by Deutsche Börse Group’s dividend policy.
Cyclical decreases, however, amounted to approximately 2 percent, mainly in equity index derivatives.
Gregor Pottmeyer, CFO of Deutsche Börse, commented: “We were able to increase net revenue from our structural growth initiatives by 5 percent, as planned. However, as already indicated last year, due to negative cyclical effects, we did not quite achieve our growth targets for the full year.”
Theodor Weimer, CEO of Deutsche Börse AG, added: “For the current year, we plan for further structural net revenue growth of at least 5 percent. Moreover, we do not expect any further overall cyclical headwinds.
He said: “In addition, our efficient cost management will ensure the scalability of our business model so that we expect at least 10 percent net income growth for 2018.”
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