Deutsche Börse Group Sees Overall Earnings Growth in H1 2023

Deutsche Börse Group has published its half-yearly financial report 2023 including the figures for the second quarter, reporting an excellent performance in the first half of the year.

Overview of Q2 2023 Results:

• Net revenue in Q2 2023 increased by 20% from €1,017.8 million in Q2 2022 to €1,220.6 million, largely driven by strong net interest income from the banking business.

• Operating costs came in at €472.0 million, increasing 9% compared to €432.1 million in Q2 2022

• EBITDA increased to €733.0 million, a 25% rise compared to €584.9 million in the second quarter of last year.

• Net profit for the period attributable to the Group's shareholders stood at €443.2 million, 30% higher than €341.1 million in the same period of 2022.

• Earning per share (EPS) was €2.41, up 30% compared to €1.86 in Q2 2022.

• On 27 April 2023, the Group announced an all-cash voluntary public takeover offer for SimCorp A/S (SimCorp) and the combination of Qontigo and ISS. Both businesses areas will be merged in the new Investment Management Solutions segment in the fourth quarter.

Overview of H1 2023 Results:

• Net revenue in H1 2023 increased by 18% from €2,079.4 million in H1 2022 to €2,451.8 million.

• Operating costs reached €924.7 million in H1 2023, 10% higher than €838.8 million in H1 2022.

• EBITDA increased to €1,505.1 million for the six months, an increase of 18% compared to €1,272.3 million in the same period of 2022.

• Net profit in H1 2023 attributable to the Group's shareholders stood at €954.5 million, 20% higher than €793.1 million in H1 2022.

• EPS rose by 20% from €4.15 to €4.99 on a yearly basis.

Gregor Pottmeyer, Chief Financial Officer of Deutsche Börse AG, commented on the development: "The result in the first half of the year was well above our expectations. In addition to the ongoing secular growth, the ever-increasing interest rates have further spurred our business. We expect to exceed our targets for the current financial year."

On the status of the SimCorp acquisition, Pottmeyer commented: "Since the announcement in April, we have received a great deal of positive feedback from all sides. With the exception of the EU Commission's filing process, all regulatory approvals have already been granted. This means we are right on schedule."