Deutsche Borse Group has just published its financial results for Q3/2023. Please scroll down for the link to the entire report.

Overview of the quarterly results:

Our Group's net revenue rose by 9 per cent in the third quarter to EUR1,188.3 million (Q3/2022: EUR1,090.2 million).

Earnings before interest, tax, depreciation and amortisation (EBITDA) went up to EUR684.8 million (Q3/2022: EUR642.3 million), an increase of 7 per cent (excl. one-offs: 13 per cent).

Net income for the period attributable to Deutsche Borse AG shareholders came to EUR400.3 million (Q3/2022: EUR373.3 million). Earnings per share rose by 6 per cent (excl. one-offs: 20 per cent) and came to EUR2.16 (Q3/2022: EUR2.03).

The SimCorp shareholders accepted our takeover offer by a large majority (94 per cent).

We will acquire the remaining SimCorp shares in the course of a squeeze-out. The SimCorp shares are planned to be delisted from Nasdaq Copenhagen on 30 October 2023.

In view of the performance to date and the additional contribution from SimCorp in the fourth quarter, we are again increasing our guidance for net revenue of around EUR5.0 billion and EBITDA of around EUR2.9 billion for the full year.

Gregor Pottmeyer, CFO of Deutsche Borse AG, commented on the results as follows: 'Against a good prior-year quarter, we were again able to significantly increase our net revenue. Our secular growth areas and the interest rate environment made a significant contribution. Now that the acquisition of SimCorp has been closed, we will be pooling our data, analytics and software business in the new Investment Management Solutions segment in the fourth quarter and thus create new growth opportunities. By consolidating SimCorp, we now anticipate that we will significantly exceed our original guidance for the full year 2023 and generate net revenue of around EUR5.0 billion and EBITDA of around EUR2.9 billion.'

The analyst and investor conference call will take place on Thursday, 19 October 2023, at 14:00 CEST. You can participate via this link.

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