Deutsche Boerse profits surge 60% in 2014

GMT 19:58 2015 Wednesday ,18 February

Arab Today, arab today Deutsche Boerse profits surge 60% in 2014

Deutsche Boerse
Berlin - AFP

German stock market operator Deutsche Boerse Wednesday posted a 60 percent surge in net profit in 2014 from a year earlier driven by all its divisions and said it was on track to meet future targets.
Net profit jumped to 762.3 million euros ($864.5 million) last year, the company said, exceeding the forecasts of analysts polled by financial services agency FactSet who had pencilled in 679 million euros.
Gregor Pottmeyer, chief financial officer, said net revenues had been helped last year by a strong fourth quarter and progress in Asia.
"The increase in net revenue in 2014 is due on the one hand to the extremely strong fourth quarter, which is attributable to cyclical effects," he said in a statement.
"On the other hand, we made further progress in tapping new growth areas, including Asia.
"With this we consider ourselves in a very good position to meet our objectives until 2017 of 5.0 to 10 percent net revenue growth per annum."
The operator of the Frankfurt stock exchange said it was eyeing net revenue growing to 2.1 to 2.3 billion euros for 2015 and an increase in earnings.
The company's executive board will propose a stable dividend of 2.10 euros per share for the 2014 financial year, it added.


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