Deutsche Börse AG

Earnings Release • May 10, 2010

News Details

Ad-hoc | 10 May 2010 20:03

Deutsche Börse AG: Deutsche Börse AG releases Q1/2010 results

Deutsche Börse AG / Quarter Results

10.05.2010 20:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Sales revenue of Deutsche Börse Group stood at EUR519.2 million in the
first quarter of 2010. This corresponds to a decrease of 4 percent compared
to the same quarter of the previous year (Q1/2009: EUR539.8 million) and an
increase of 3 percent compared to the previous quarter (Q4/2009: EUR505.4
million). The year-over-year decrease in sales revenue is largely due to
uncertainties on the markets in the first quarter 2009 as a result of the
financial crisis and the considerably higher equity volatility this has
caused. The quarter-on-quarter rise in sales revenue is due to a partial
recovery in market activity; however the market environment overall
continues to be characterized by reluctance of market participants.

In addition to sales revenue, the Group generated a further EUR11.0 million
in net interest income from banking business, 66 percent less than in the
same quarter in the previous year and 38 percent less than the previous
quarter (Q1/2009: EUR31.9 million, Q4/2009: EUR17.7 million). The decline
is the result of the persistent drop in short-term interest rates, which
have fallen to new historic lows, the expiry of interest rate hedges, and
term investments reaching maturity.

Total costs of EUR298.8 million were slightly above the level of the first
quarter of the previous year (Q1/2009: EUR288.5 million), but included
EUR27.8 million restructuring expenses relating to the measures to increase
operating efficiency announced in February 2010. Adjusted for this effect,
costs amounted to EUR271.0 million and were thus below both the level for
the same quarter of the previous year as well as for the previous quarter.

Overall, Deutsche Börse Group achieved EBIT of EUR245.6 million, a decline
of 21 percent over the same quarter of the previous year (Q1/2009:
EUR311.6 million). Adjusted for restructuring expenses, EBIT stood at
EUR273.4 million, which is a considerable increase over previous quarters.
Net income for the first quarter 2010 was EUR156.9 million, compared to
EUR205.9 million in Q1/2009, a decline of 24 percent. Adjusted for
restructuring expenses, net income amounted to EUR177.2 million. Basic
earnings per share declined in the first quarter of 2010, based on the
weighted average of 185.9 million outstanding shares, by 24 percent to
EUR0.84 (Q1/2009: EUR1.11 with 185.8 million outstanding shares). Adjusted
for restructuring expenses, basic earnings per share were EUR0.95.

Kontakt:
Dr. Frank Herkenhoff
Tel.: +49-69-21 11 15 00

10.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Deutsche Börse AG
Neue Börsenstraße 1
60487 Frankfurt am Main
Deutschland
Phone: +49 (0)69 211 - 0
Fax: +49 (0)69 211 - 12005
E-mail: ir@deutsche-boerse.com
Internet: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart;
Terminbörse EUREX

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