Deutsche Borse reports revenue rise 28 July 2010Frankfurt Reporter: Ben Wilkie
Image: Shutterstock
Sales revenue rose by nine per cent year-on-year to EUR564.4 million. Total costs in the second quarter of 2010 amounted to EUR356.0 million. Adjusted for restructuring expenses of EUR82.0 million for the measures to increase operating efficiency, costs amounted to EUR274.0 million and were down significantly on the level recorded in 2009.
Earnings before interest and tax (EBIT) totaled EUR257.4 million. Adjusted for restructuring expenses, EBIT was EUR338.4 million, a substantial increase as against previous quarters.
Gregor Pottmeyer, chief financial officer of Deutsche Borse AG, said: "The business environment for Deutsche Borse Group further improved in the second quarter of 2010. Added to this was the increased volatility on financial markets, particularly in May. The measures to increase operating efficiency have also already had a positive effect on the Group's results. We therefore expect to come in below our costs guidance for full-year 2010."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 