(Tiper Stock Exchange) – Deutsche Borsathe company that manages the German stock exchange, closed the first quarter of 2023 with revenues up 16% to 1,231 million euros ed EBITDA up 12% to 772 million euros. The strong growth in net revenues was due in part to secular growth of 7% and also to cyclical effects of 9%, it said in a note.
L’Net income attributable to Deutsche Borse shareholders amounted to 473 million euros, an increase of 12% compared to the same quarter of the previous year. Adjusted earnings per share increased by 13% to 2.70 euros.
In light of the performance in the first quarter of 2023 and the outlook for the rest of the year, Deutsche Borse now expects to reach the upper limit of the forecast for 2023“or even slightly exceed it if strong cyclical tailwinds continue,” it points out.
“THE trading volumes have gone very well in the first quarter of 2023 and have been above our expectations – commented the CFO Gregor Pottmeyer – The factors which affected the interest margin were also very positive. More importantly, however, is our continued reliable secular growth this quarter.”