Deutsche Börse AG

Earnings Release • Jan 19, 2010

News Details

Ad-hoc | 19 January 2010 20:02

Deutsche Börse AG: Impairment charge relating to ISE and dividend proposal for financial year 2009

Deutsche Börse AG / Miscellaneous

19.01.2010

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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Deutsche Börse AG is currently performing goodwill and asset impairment
tests as required under IAS 36 as part of the preparation of its annual
financial statements for the year ended 31 December 2009. In this context,
Deutsche Börse expects to book a non-cash impairment charge of around
EUR420 million in 2009. The charge applies to intangible assets other than
goodwill on the consolidated balance sheet of Deutsche Börse relating to
International Securities Exchange (ISE). The impairment reflects stagnation
in the US equity options market in 2009 and a revenue decline at ISE during
the course of the year. The impairment charge fully reflects this
development. The impairment charge is partially offset by a reduction in
deferred tax liabilities relating to these intangible assets. This
reduction is expected to result in a tax credit of around EUR180 million.
Therefore, the impact of the impairment on Deutsche Börse's consolidated
net income (after non-controlling interests) for 2009 is expected to amount
to around EUR200 million. All figures are subject to the finalization of
the financial statements for 2009 and the year-end audit. The non-cash
impairment charge relating to ISE does not impact key credit metrics such
as the interest coverage ratio.

Against the background of the strong cash flow generation from operations
despite subdued trading volumes in cash and derivatives markets in 2009,
the Executive Board of Deutsche Börse plans to propose a stable dividend
per share compared to the previous year for financial year 2009 (2008:
EUR2.10). The dividend proposal is still subject to a resolution of the
Supervisory Board of Deutsche Börse AG.

19.01.2010 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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