Deutsche B枚rse ends Q4 2018 with strong growth
14 February 2019 Frankfurt
Image: Shutterstock
Deutsche B枚rse AG generated net revenue of 鈧�2,770.4 million in 2018, an increase of 13 percent compared to the previous year.
Following strong growth in 2018, Deutsche B枚rse Group said its expectations for the year 2019 are 鈥渟lightly more subdued, given the general economic slowdown, risen economic risk and political uncertainty鈥�.
The company said it still expects secular growth opportunities this year to yield net revenue growth of at least 5 percent.
It also anticipated adjusted net profit to grow by around 10 percent in 2019.
In a statement, Deutsche B枚rse said: 鈥淒epending on the equity market volatility, net profit growth could show slightly higher or lower levels.鈥�
Gregor Pottmeyer, chief financial officer of Deutsche B枚rse AG, said: 鈥淚n 2018, we managed to secularly increase our net revenue by approximately 6 percent, slightly ahead of our plan.鈥�
He added: 鈥淐yclical net revenue increased significantly. In total, adjusted net profit grew by 17 percent鈥攃learly exceeding our mid-term targets. Through a double-digit dividend increase, our shareholders will adequately participate in this development.鈥�
Theodor Weimer, CEO of Deutsche B枚rse AG, commented: 鈥淒eutsche B枚rse Group is looking back on a really good year. In 2018, we also made important strategic decisions. Given the economic environment, we are taking a slightly more subdued stand on our expectations for the current business year.鈥�
He added: 鈥淐yclical risks are increasing and political risks are difficult to predict. Still, we are confident that we will maintain our ability to grow by our own efforts. In addition, we will focus on value-enhancing external growth and the consistent application of new technologies.鈥�
Following strong growth in 2018, Deutsche B枚rse Group said its expectations for the year 2019 are 鈥渟lightly more subdued, given the general economic slowdown, risen economic risk and political uncertainty鈥�.
The company said it still expects secular growth opportunities this year to yield net revenue growth of at least 5 percent.
It also anticipated adjusted net profit to grow by around 10 percent in 2019.
In a statement, Deutsche B枚rse said: 鈥淒epending on the equity market volatility, net profit growth could show slightly higher or lower levels.鈥�
Gregor Pottmeyer, chief financial officer of Deutsche B枚rse AG, said: 鈥淚n 2018, we managed to secularly increase our net revenue by approximately 6 percent, slightly ahead of our plan.鈥�
He added: 鈥淐yclical net revenue increased significantly. In total, adjusted net profit grew by 17 percent鈥攃learly exceeding our mid-term targets. Through a double-digit dividend increase, our shareholders will adequately participate in this development.鈥�
Theodor Weimer, CEO of Deutsche B枚rse AG, commented: 鈥淒eutsche B枚rse Group is looking back on a really good year. In 2018, we also made important strategic decisions. Given the economic environment, we are taking a slightly more subdued stand on our expectations for the current business year.鈥�
He added: 鈥淐yclical risks are increasing and political risks are difficult to predict. Still, we are confident that we will maintain our ability to grow by our own efforts. In addition, we will focus on value-enhancing external growth and the consistent application of new technologies.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
