Deutsche B枚rse sees revenue growth for 2017
21 February 2018 Frankfurt
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Deutsche B枚rse has reported that its yearly revenue increased by 3 percent in 2017, ending the year with 鈧�2.4 million, compared to 鈧�2.3 million at the end of 2016.
The company also achieved structural net revenue growth of approximately 5 percent, which it said is in line with its planning.
Adjusted net profit for Deutsche B枚rse shareholders rose by 6 percent, to 鈧�857.1 million compared to 鈧�810.8 million at the end of 2016.
Basic earnings per share, adjusted for non-recurring effects, amounted to 鈧�4.59 for 2017.
The executive board of Deutsche B枚rse proposed to increase dividends for the 2017 financial year by 4 percent, to 鈧�2.45 per share compared to 鈧�2.35 per share in 2016.
Deutsche B枚rse said that the dividend proposal is equivalent to a distribution ratio of 53 percent of the adjusted net income, which is within the range set by Deutsche B枚rse Group鈥檚 dividend policy.
Cyclical decreases, however, amounted to approximately 2 percent, mainly in equity index derivatives.
Gregor Pottmeyer, CFO of Deutsche B枚rse, commented: 鈥淲e were able to increase net revenue from our structural growth initiatives by 5 percent, as planned. However, as already indicated last year, due to negative cyclical effects, we did not quite achieve our growth targets for the full year.鈥�
Theodor Weimer, CEO of Deutsche B枚rse AG, added: 鈥淔or the current year, we plan for further structural net revenue growth of at least 5 percent. Moreover, we do not expect any further overall cyclical headwinds.
He said: 鈥淚n addition, our efficient cost management will ensure the scalability of our business model so that we expect at least 10 percent net income growth for 2018.鈥�
The company also achieved structural net revenue growth of approximately 5 percent, which it said is in line with its planning.
Adjusted net profit for Deutsche B枚rse shareholders rose by 6 percent, to 鈧�857.1 million compared to 鈧�810.8 million at the end of 2016.
Basic earnings per share, adjusted for non-recurring effects, amounted to 鈧�4.59 for 2017.
The executive board of Deutsche B枚rse proposed to increase dividends for the 2017 financial year by 4 percent, to 鈧�2.45 per share compared to 鈧�2.35 per share in 2016.
Deutsche B枚rse said that the dividend proposal is equivalent to a distribution ratio of 53 percent of the adjusted net income, which is within the range set by Deutsche B枚rse Group鈥檚 dividend policy.
Cyclical decreases, however, amounted to approximately 2 percent, mainly in equity index derivatives.
Gregor Pottmeyer, CFO of Deutsche B枚rse, commented: 鈥淲e were able to increase net revenue from our structural growth initiatives by 5 percent, as planned. However, as already indicated last year, due to negative cyclical effects, we did not quite achieve our growth targets for the full year.鈥�
Theodor Weimer, CEO of Deutsche B枚rse AG, added: 鈥淔or the current year, we plan for further structural net revenue growth of at least 5 percent. Moreover, we do not expect any further overall cyclical headwinds.
He said: 鈥淚n addition, our efficient cost management will ensure the scalability of our business model so that we expect at least 10 percent net income growth for 2018.鈥�
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