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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Boerse Ag Namen Akt (PK) | USOTC:DBOEF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6.89 | 2.99% | 237.53 | 226.16 | 239.36 | 237.53 | 237.53 | 237.53 | 2 | 18:04:02 |
From Nov 2019 to Nov 2024
By Euan Conley
Deutsche Boerse AG (DB1.XE) on Wednesday presented a new strategic plan in which it intends to cut operating costs by 100 million euros ($122.2 million) annually by the end of 2020.
As a result of its targeted cost cuts, it expects one-off costs of about EUR200 million, which will largely incur in 2018.
The German stock-exchange operator said increased volatility in the longer term should improve annual net revenue through 2020, as well as a rise in organic revenue from growth opportunities.
Average annual growth in adjusted after-tax profit should be about 10% to 15% through 2020, the company added.
The strategic plan, called "Roadmap 2020" aims at accelerating growth and increasing investment in new technologies through reducing Deutsche Boerse's structural cost base.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
April 25, 2018 13:03 ET (17:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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