Deutsche Boerse 4Q Net Profit Increased Helped by Strong Clearstream Performance
February 20 2018 - 2:09PM
Dow Jones News
By Sonia Amaral Rohter
Deutsche Boerse AG said Tuesday that fourth-quarter net profit
increased, which the company attributed in part to a strong
performance in the Clearstream segment, helping offset a weaker
market environment for the Eurex segment.
The German stock-exchange operator reported a fourth-quarter net
profit of 213.6 million euros ($265 million). Net revenue for the
period increased 3.2% to EUR639 million.
For the full year, net profit was EUR874.3 million on net
revenue of EUR2.46 billion.
"We were able to increase net revenue from our structural growth
initiatives by 5 per cent, as planned," said Gregor Pottmeyer,
chief financial officer of Deutsche Boerse. However, citing
negative cyclical effects, Mr. Pottmeyer said that the company
didn't achieve its full-year growth targets.
The company said it expected 2018 structural net revenue growth
of at least 5% and net income growth of at least 10%.
Deutsche Boerse proposed a 2017 dividend of EUR2.45 per share,
up 4.3% from 2016.
Write to Sonia Amaral Rohter at
sonia.amaralrohter@dowjones.com
(END) Dow Jones Newswires
February 20, 2018 13:54 ET (18:54 GMT)
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