Deutsche Börse Continues Record Pursuit with Acquisitions and Solid Business

Deutsche Börse AG continues on a successful track. Driven by an acquisition and strong performance across various business segments, the company reported a 16 percent increase in revenue to 1.43 billion euros for the first quarter. Particularly notable is the increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), which climbed 13 percent to 875 million euros. Experts were positively surprised by this operational result, as it exceeded their forecasts. Theodor Weimer, who will soon leave the leadership of Deutsche Börse, meanwhile reaffirmed the financial services provider's annual targets. In his final year as CEO, Weimer continues to aim for top figures and expects growth: He projects net revenues for 2024 to exceed 5.6 billion euros and an increase in operating profit to more than 3.2 billion euros – an increase of at least ten percent in revenue and around nine percent in EBITDA. The management's goal by 2026 is ambitious - aiming for double-digit annual growth in both revenue and profit. Weimer's succession is already settled: Stephan Leithner, formerly of Deutsche Bank and since 2018 on the Executive Board of Deutsche Börse, will take over the co-CEO position starting this October and will hold sole leadership for at least five years starting from the turn of the year. Weimer's tenure since 2018 has been marked by expansions in data and software, with the largest acquisition being the Danish software supplier Simcorp for 3.9 billion euros in the fall of 2023. This strategic acquisition should further reduce the historical volatility due to financial market fluctuations. A significant part of the 16 percent revenue growth in the reporting quarter was favored by Simcorp, which contributed approximately two-thirds to this increase.