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Deutsche Börse net revenues up slightly in Q2

Deutsche Börse generated net revenue of EUR488.4 million in the second quarter of 2014, a slight decrease from EUR497.1 million in the second quarter of 2013.

Operating costs adjusted for exceptional items increased as planned and amounted to EUR249.3 million (Q2/2013: EUR234.1 million). The increase is attributable to consolidation effects and higher investments in growth initiatives and infrastructure.
The adjusted earnings before interest and tax (EBIT) amounted to EUR240.6 million (Q2/2013: EUR266.0 million). As a result, the group recorded adjusted basic earnings per share of EUR0.90 (Q2/2013: EUR0.97).
In the first half of 2014, the group generated net revenue of EUR1,002.6 million, a slight increase year-on-year (H1/2013: EUR981.4 million). The group’s adjusted operating costs amounted to EUR492.7 million (H1/2013: EUR463.6 million). The adjusted EBIT amounted to EUR512.2 million (H1/2013: EUR523.8 million) and adjusted earnings per share increased slightly to EUR1.90 (H1/2013: EUR1.89).
Gregor Pottmeyer, Deutsche Börse’s chief financial officer and executive board member for human resources, says: “Second-quarter results were negatively impacted by the low equity market volatility and extremely low interest rates, although the group was able to offset this in part with new record highs recorded by Clearstream and the positive development seen in the Market Data + Services segment. The company’s diversified business model means that its earning power remains strong even in periods of low volatility, and it considers itself in a good position to meet its objectives for 2014.
“To offset the sustained cyclical weaknesses in our core markets, we are systematically driving forward the development of new growth areas and expanding our business in Asia.”

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