Deutsche Boerse 3Q Net Profit Rose, Backs 2019 View
October 28 2019 - 2:40PM
Dow Jones News
By Cristina Roca
Deutsche Boerse AG (DB1.XE) said Monday that third-quarter net
profit and revenue rose, and backed its 2019 guidance.
The German stock exchange operator said third-quarter net profit
was 248.6 million euros ($275.4 million), up from EUR225 million
for the same period the year previous.
Net revenue for the period was EUR733.8 million euros, up from
EUR660.7 million reported the year previous.
Adjusted for exceptional effects, net profit was EUR282.9
million, Deutsche Boerse said.
"Solid double-digit earnings growth in the third quarter
markedly accelerated the already positive growth trend seen in 2019
to date," said Deutsche Boerse Chief Financial Officer Gregor
Pottmeyer.
The company backed its target of 10% adjusted net profit growth
for 2019.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
October 28, 2019 14:25 ET (18:25 GMT)
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