Deutsche Börse Group Reports Q3 Financial Results

Deutsche Börse Group, an international exchange organization and innovative market infrastructure provider, released its Q3 financial report, showing a slightly down year-on-year at €707.5 million in revenue.

Compared to the previous year, the net revenue for the third quarter of 2020 went down to €707.5 million, which shows a decrease of 4%. The net revenue is also down compared with prior quarter because the figure is €777.5 million in Q2 this year.The Group points out that “significant cyclical headwind”leads to the drop in this quarter.

Adjusted operating costs increase by 5% year-on-year to €288.0 million due to consolidation effects, while a slightly down from €300.2 million in Q2 is shown.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) thus decreased to €431.4 million,the figure also drops compared with Q2 as the EBITDA is €483.1 million; net profit attributable to Deutsche Börse AG shareholders amounted to €252.7 million and was thus down by 11 per cent for the period.

Despite the weaker development in the third quarter, the Group’s guidance for 2020 remains unchanged at around €1.20 billion adjusted consolidated net profit. Amongst other factors this is subject to an increase of market activity in the fourth quarter.