DGAP-Adhoc: Deutsche Börse AG: Deutsche Börse AG publishes preliminary Q3/2011 figures

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

19.10.2011 20:00

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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On Wednesday, Deutsche Börse AG published its preliminary figures for the
third quarter of 2011. Compared to the same period in the previous year
sales revenue increased by some 20 percent to around EUR605 million
(Q3/2010: EUR504.3 million). In addition to sales revenue, the Group
generated net interest income from banking business of approximately EUR20
million (Q3/2010: EUR15.8 million) and other operating income of also
around EUR20 million (Q3/2010: EUR11.7 million). The other operating income
includes a book gain from the sale of an equity investment in the amount of
some EUR5 million.
At around EUR250 million, operating costs in the third quarter 2011 were up
year-over-year (Q3/2010: 235.4 million). The increase is mainly
attributable to around EUR25 million costs relating to the planned business
combination with NYSE Euronext. Adjusted for merger related costs and
restructuring expenses, operating costs amounted to approximately EUR225
million (Q3/2010 adjusted: EUR222.5 million).
As a result, Deutsche Börse generated total earnings before interest and
tax (EBIT) of some EUR330 million (Q3/2010: EUR244.1 million). Adjusted for
merger related costs and restructuring expenses EBIT amounted to around
EUR355 million (Q3/2010 adjusted: EUR257.4 million).
The financial result for the third quarter 2011 includes a gain of around
EUR94 million. This non-cash and non-taxable gain results from the
mark-to-market valuation of liabilities relating to the share component of
the agreement with SIX Group to fully acquire Eurex, which was announced on
7 June 2011. The liability will fluctuate with the Deutsche Börse share
price until the liability is settled and therefore will continue to cause
earnings volatility.
Consequently, consolidated net income for the third quarter 2011 rose by
some 95 percent to around EUR315 million (Q3/2010: EUR161.3 million).
Adjusted for merger related costs, restructuring expenses and the gain in
relation to the agreement with SIX Group, the net income amounted to
approximately EUR245 million, an increase of some 44 percent against the
previous year (Q3/2010 adjusted: EUR171.0 million). The weighted average of
shares outstanding amounted to 186.0 million in the third quarter 2011.
These preliminary figures are unaudited and subject to the finalization of
the quarterly financial statements.


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Language:     English
Company:      Deutsche Börse AG
              -
              60485 Frankfurt am Main
              Germany
Phone:        +49 (0)69 211 - 0
Fax:          
E-mail:       ir@deutsche-boerse.com
Internet:     www.deutsche-boerse.com
ISIN:         DE0005810055, DE000A1KRND6
WKN:          581005, A1KRND
Indices:      DAX, EuroStoxx 50
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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