Deutsche Borse, a leading exchange operator, has reported robust financial results for the first quarter of 2024, driven by strong performance across its business segments. The company’s net revenue surged by 16%, supported by the integration of SimCorp and organic growth in key areas.
Key highlights:
– Net revenue jumped 16% year-over-year to €556.3 million
– SimCorp integration on track, contributing to a 15% rise in annual recurring revenue (ARR)
– Full-year guidance reaffirmed: over €5.6 billion in net revenue and €3.2 billion in EBITDA
– Company completed a €300 million share buyback program
– Stephan Leithner to succeed Theodor Weimer as CEO
– Interest rate changes and market volatility expected to influence financial performance
Despite challenges posed by market volatility, Deutsche Borse maintained its full-year guidance, expressing confidence in its ability to deliver strong financial results.
The outlook for the year remains cautiously optimistic, with expectations of impact from interest rate developments and market volatility. The company’s focus on implementing its Horizon 2026 strategy and leveraging its diversified portfolio of businesses is expected to support its growth trajectory.