DGAP-Adhoc: Deutsche Börse AG: Q3/2010 Result, Cost guidance 2010, Development of ISE

Deutsche Börse AG  / Key word(s): Quarter Results

27.10.2010 20:08 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Deutsche Börse Group recorded a slight year-on-year rise in sales revenue
in the third quarter 2010. At EUR504.3 million in Q3/2010, sales revenue
was up 1 percent as against Q3/2009 (Q3/2009: EUR500.9 million).

At EUR287.0 million, total costs were lower than in the third quarter 2009
(Q3/2009: EUR301.5 million). After adjustment of costs for efficiency
programs of EUR12.9 million, resulting from the measures announced in the
first quarter 2010 to increase operational efficiency, costs amounted to
EUR274.1 million, well below the figure for the prior-year quarter and on a
level with the previous quarter (Q2/2010: EUR274.0 million excluding costs
for efficiency programs).

Overall, Deutsche Börse Group therefore generated EBIT of EUR244.1 million,
up slightly on the third quarter 2009 (Q3/2009: EUR243.7 million). EBIT
rose by 7 percent to EUR257.4 million after adjustment for costs for
efficiency programs. Net income for the third quarter 2010 amounted to
EUR161.3 million as against EUR158.3 million in Q3/2009. Excluding costs
for efficiency programs, net income for the period amounted to EUR171.0
million, up 9 percent. Basic earnings per share, based on a weighted
average of 185.9 million shares outstanding, amounted to EUR0.87 in the
third quarter 2010 (Q3/2009: EUR0.85 for an average of 185.9 million shares
outstanding). Excluding costs for efficiency programs, basic earnings per
share were up 9 percent year-on-year at EUR0.92.

Due to the positive cost trend in the first nine months of 2010, the
Company is expecting total costs for full-year 2010 of around EUR1,150
million before costs for efficiency programs. This will bring the Company
in at around EUR60 million lower than its original cost guidance of
EUR1,210 million.

Due to still pending regulatory approval for certain functions and the
subdued trend on the US options market, the probability that an impairment
loss will be recognized on the other intangible assets acquired as part of
the acquisition of ISE has increased in the third quarter 2010. In case the
sustainable business prospects for ISE do not improve, Deutsche Börse
expects to recognize an impairment loss on the other intangible assets in
the fourth quarter 2010.


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Language:     English
Company:      Deutsche Börse AG
              Neue Börsenstraße 1
              60487 Frankfurt am Main
              Deutschland
Phone:        +49 (0)69 211 - 0
Fax:          +49 (0)69 211 - 12005
E-mail:       ir@deutsche-boerse.com
Internet:     www.deutsche-boerse.com
ISIN:         DE0005810055
WKN:          581005
Indices:      DAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, Hamburg, München, Düsseldorf;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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