Deutsche Börse AG

Earnings Release • May 11, 2009

News Details

Ad-hoc | 11 May 2009 20:05

Deutsche Börse AG releases Q1/2009 results

Deutsche Börse AG / Quarter Results

Release 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 saw considerable restraint in market participants' trading
activities in the first quarter of 2009 as expected. Correspondingly, sales
revenue fell by 16 percent to EUR539.8 million (Q1/2008: EUR644.5 million).
In addition, net interest income from banking business fell by 50 percent
to EUR31.9 million (Q1/2008: EUR64.3 million) given the historically low
short-term interest rates. Nonetheless, Deutsche Börse generated a solid
operating result of EUR311.6 million (EBITA) in the first quarter 2009. In
comparison with the best quarter in the company's history (Q1/2008:
EUR425.8 million), this is a decline of 27 percent. The exchange
organization's strict cost discipline was in particular contributing to the
operating result. The Group reduced costs by 6 percent to EUR297.6 million
in the first quarter, even though it increased investments in future
growth.
At EUR-21.0 million, the net financial result was below that of the
prior-year period (Q1/2008: EUR13.6 million), due to the positive effect of
an unrealized currency gain of around EUR25 million in the first quarter
2008. Net income for the period amounted to EUR205.9 million in the first
quarter of 2009 (Q1/2008: EUR304.2 million), a decline of 32 percent. The
net income for the period reflects a significant reduction in the Group's
effective tax rate to 27.0 percent, which was partly due to the relocation
of staff to Eschborn. Based on the weighted average number of 186.1 million
shares outstanding in the first quarter 2009, earnings per share decreased
by 30 percent to EUR1.11 (Q1/2008: EUR1.58 based on 192.1 million shares).

Contact:
Dr. Frank Herkenhoff
Tel.: +49-69-21 11 15 00
11.05.2009 Financial News transmitted by DGAP

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Language: English
Issuer: 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, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX

End of News DGAP News-Service

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