Deutsche Boerse 4Q Net Profit Increased Helped by Strong Clearstream Performance

   By Sonia Amaral Rohter 
 

Deutsche Boerse AG said Tuesday that fourth-quarter net profit increased, which the company attributed in part to a strong performance in the Clearstream segment, helping offset a weaker market environment for the Eurex segment.

The German stock-exchange operator reported a fourth-quarter net profit of 213.6 million euros ($265 million). Net revenue for the period increased 3.2% to EUR639 million.

For the full year, net profit was EUR874.3 million on net revenue of EUR2.46 billion.

"We were able to increase net revenue from our structural growth initiatives by 5 per cent, as planned," said Gregor Pottmeyer, chief financial officer of Deutsche Boerse. However, citing negative cyclical effects, Mr. Pottmeyer said that the company didn't achieve its full-year growth targets.

The company said it expected 2018 structural net revenue growth of at least 5% and net income growth of at least 10%.

Deutsche Boerse proposed a 2017 dividend of EUR2.45 per share, up 4.3% from 2016.

Write to Sonia Amaral Rohter at [e-mail]

(END) Dow Jones Newswires

February 20, 2018 13:54 ET (18:54 GMT)

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