Clearstream sees Q2 revenue increase 25 July 2019 Reporter: Jenna Lomax
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Clearstream, the post-trade services provider of Deutsche Boerse, has revealed that its Q2 revenue increased to 鈧�66.7 million, compared to 鈧�55 million in Q2 2018.
According to Clearstream, the growth was primarily driven by net interest income from the banking business and could 鈥渆ssentially be attributed to higher interest rates in the US and increased customer cash balances鈥�.
Except for GSF (collateral management) and the Xetra (cash equities) segments, all segments increased their net revenue.
Overall, Deutsche Boerse generated net revenue of 鈧�724.8 million for Q2 2019, an increase of 6 percent, compared to the same quarter of the previous year.
At 鈧�291.5 million, operating costs were down year-on-year, compared to 鈧�317.2 million reported in Q2 2018.
In addition, Deutsche Boerse generated net revenue of 鈧�1,445.6 million in H1 2019, an increase of 5 percent compared to the previous year.
Gregor Pottmeyer, CFO of Deutsche Boerse AG, said: 鈥淚n the first half of the year we were able to increase structural net revenue by 5 percent, as planned. In addition, net profit rose stronger than net revenue: the 9 percent growth rate is therefore also in line with the guidance for the full year. Hence, we are confident that we will achieve our goals for 2019.鈥�
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