Deutsche Boerse generated net revenue of €724.8 million for Q2 2019, an increase of 6 percent, compared to the same quarter of the previous year.
At €291.5 million, operating costs were down year-on-year, compared to €317.2 million reported in Q2 2018.
Except for GSF (collateral management) and the Xetra (cash equities) segments, all segments increased their net revenue, including Clearstream, the post-trading segment of Deutsche Boerse.
In the Clearstream segment, growth was primarily driven by net interest income from the banking business, where the group posted a marked increase to €66.7 million, from €55.0 million in Q2 2018.
Deutsche Boerse said this rise can essentially be attributed to higher interest rates in the US and increased customer cash balances.
In addition, Deutsche Börse generated net revenue of €1,445.6 million in H1 2019, an increase of 5 percent compared to the previous year.
Gregor Pottmeyer, CFO of Deutsche Boerse AG, said: “In the first half of the year we were able to increase structural net revenue by 5 percent, as planned. In addition, net profit rose stronger than net revenue: the 9 percent growth rate is therefore also in line with the guidance for the full year. Hence, we are confident that we will achieve our goals for 2019.”
