Deutsche Börse registers further growth in Q3 2023, closes takeover of SimCorp
Deutsche Börse Group has published its financial results for the third quarter of 2023.
Group net revenue rose by 9 per cent in the third quarter to €1,188.3 million (Q3/2022: €1,090.2 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) went up to €684.8 million (Q3/2022: €642.3 million), an increase of 7 per cent (excl. one-offs: 13 per cent).
Net income for the period attributable to Deutsche Börse AG shareholders came to €400.3 million (Q3/2022: €373.3 million). Earnings per share rose by 6 per cent (excl. one-offs: 20 per cent) and came to €2.16 (Q3/2022: €2.03).
The SimCorp shareholders accepted the takeover offer by a large majority (94 per cent).
Deutsche Börse will acquire the remaining SimCorp shares in the course of a squeeze-out. The SimCorp shares are planned to be delisted from Nasdaq Copenhagen on 30 October 2023.
In view of the performance to date and the additional contribution from SimCorp in the fourth quarter, Deutsche Börse is again increasing its guidance for net revenue of around €5.0 billion and EBITDA of around €2.9 billion for the full year.
Gregor Pottmeyer, CFO of Deutsche Börse AG, commented:
“Against a good prior-year quarter, we were again able to significantly increase our net revenue. Our secular growth areas and the interest rate environment made a significant contribution.
Now that the acquisition of SimCorp has been closed, we will be pooling our data, analytics and software business in the new Investment Management Solutions segment in the fourth quarter and thus create new growth opportunities. By consolidating SimCorp, we now anticipate that we will significantly exceed our original guidance for the full year 2023 and generate net revenue of around €5.0 billion and EBITDA of around €2.9 billion.”