Deutsche Börse beats poor market conditions in Q3 28 October 2016Frankfurt Reporter: Drew Nicol
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Deutsche Börse, the parent company of Clearstream and Eurex Clearing reported a modest 1 percent growth to its consolidated net revenue in Q3 2016.
Revenue hit €558.5 million in Q3 2016, up from €555 million in 2015. In its revenue report, Deutsche Börse highlighted that this growth was achieved “despite the weaker market environment”.
The growth was attributed to operational cost cutting, which accounted for a 5 percent reduction worth €14.9 million, leading to an overall net profit rise of 6 percent to €190.7 million, up from €179.2 million in 2015.
Net revenue for the first nine months of 2016 also increased by 6 per cent to €1.77 billion.
According to Deutsche Börse, the positive result was also due to the strong performance of index derivatives and Eurex’s commodities business, the international business of Clearstream, and in the index business of the market data and services segment.
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