FRANKFURT (Dow Jones)–The fourth quarter ended a good financial year for Deutsche Börse. In the final quarter, the stock exchange operator increased both net revenue and earnings significantly. In the past year, the company benefited from both cyclical and structural growth. The DAX group exceeded its targets for the year as a whole.
Net revenue increased to 1.17 billion euros in the fourth quarter from 935 million euros in the same period last year. This slightly beat the analysts’ consensus forecast of EUR 1.12 billion. For the year as a whole, revenues rose to 4.34 from 3.51 billion euros. The company target of 4.1 billion euros was clearly beaten.
The EBITDA in the final quarter increased to 611 million from 504 million euros. The analysts’ forecast of EUR 587 million was therefore exceeded. For the year 2022, the group reported EBITDA of 2.53 (previous year 2.04) billion euros, the annual target was 2.3 billion euros.
After-tax profit increased in the fourth quarter to 359 million from 281 million euros – 331 million euros were expected here. In 2022, the profit amounted to 1.49 billion euros after 1.21 billion euros previously.
Operating costs, which have recently attracted a great deal of attention, rose to EUR 538 million in the fourth quarter. They were thus slightly above the analysts’ estimate of 526 million euros.
For the new financial year, Deutsche Börse has set a target for net revenue of EUR 4.5 to 4.7 billion; EBITDA is expected to increase to between EUR 2.6 and 2.8 billion.
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(END) Dow Jones Newswires
February 08, 2023 13:32 ET (18:32 GMT)
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