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Deutsche Börse raises forecast despite lower trading volume - financial expert provides insight
According to a report from www.boersen-zeitung.de, Deutsche Börse has raised its forecast for the full year. Despite lower trading volume due to lower volatility, increased net revenue and earnings before interest, taxes, depreciation and amortization were recorded due to higher net interest income. In the third quarter, sales rose by 9% to 1.2 billion euros and Ebitda by 7% to 685 million euros compared to the same period last year. Simcorp, a new acquisition of Deutsche Börse, will be fully consolidated from the fourth quarter. In the final quarter, Simcorp is expected to make an additional earnings contribution of EUR 85 million. In 2024 as a whole, this contribution is expected to reach 200...
Deutsche Börse raises forecast despite lower trading volume - financial expert provides insight
According to a report from www.boersen-zeitung.de, Deutsche Börse has raised its forecast for the full year. Despite lower trading volume due to lower volatility, increased net revenue and earnings before interest, taxes, depreciation and amortization were recorded due to higher net interest income. In the third quarter, sales rose by 9% to 1.2 billion euros and Ebitda by 7% to 685 million euros compared to the same period last year.
Simcorp, a new acquisition of Deutsche Börse, will be fully consolidated from the fourth quarter. In the final quarter, Simcorp is expected to make an additional earnings contribution of EUR 85 million. For the full year 2024, this contribution is expected to amount to 200 million euros. The months before the end of the year are traditionally expected to be stronger at Simcorp than the rest of the year, which is why the forecast figure for the full year 2024 is smaller than the mere multiplication of the fourth quarter.
However, Deutsche Börse has not yet made a concrete forecast for any synergy effects. At the upcoming Capital Markets Day, she will explain in detail how the expanded “Data & Analytics” business area, now called “Investment Management Solutions” (IMS), will be structured. The stock exchange predicts “excellent growth prospects” for this division, which brings together the activities of ISS, Qontigo, Simcorp and Axioma.
These positive developments could have an impact on the market and the financial industry. Higher net interest income and increased net revenues could strengthen investor confidence and increase the attractiveness of Deutsche Börse as an investment destination. Simcorp's consolidation and forecast earnings contributions could support the exchange's future growth and further strengthen its market position. In addition, the planned structural changes in the “Investment Management Solutions” area could create new opportunities for Deutsche Börse.
Source: According to a report by www.boersen-zeitung.de
Read the source article at www.boersen-zeitung.de