Ad-hoc | 9 November 2001 07:30

Deutsche Börse AG english

Deutsche Boerse with continued growth in third quarter Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Deutsche Boerse with continued growth in third quarter – Sales grow to 185.5 (157.3) mn EUR, 18% higher than Q3/2000 – EBIT increases to 64.8 (60.8) mn EUR, 7 % higher than Q3/2000 – Sales in first nine months of current fiscal year grow by 19% to 560.1 (470.4) mn EUR, EBIT up by 24% to 225.3 (181.6) mn EUR – Earnings per share in Q3 of 0.48 (0.48) EUR, first nine months: 1.69 (1.57) EUR – High growth in derivatives market Eurex, sales up at 68.5 (37.5) mn EUR, EBIT increase to 27.8 (-4.6) mn EUR – Cash market Xetra with stable development: EBIT of 6.4 (6.5) mn EUR, sales of 58.2 (65.5) mn EUR Frankfurt – After a strong first half year, Deutsche Boerse Group posted another increase in sales and earnings in the third quarter of the current fiscal year. Compared to previous year’s third quarter, the group earnings before interest and tax (EBIT) increased by 7% to 64.8 (60.8) mn EUR. Over the first nine months, EBIT grew by 24% to 225.3 (181.6) mn EUR, which is already higher than the EBIT of 216 mn EUR for the full year of 2000. The growth was mainly driven by the derivatives market Eurex and the systems provider Deutsche Börse Systems, while the cash market Xetra showed a stable EBIT development in the third quarter. While investments by Deutsche Boerse’s operating units rose by 11% to 85.9 (76.5) mn EUR in the first nine months, the operating cash flow increased to 155.4 (19.2) mn EUR. end of ad-hoc-announcement (c)DGAP 09.11.2001 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Deutsche Börse Shows Substantial Growth Again in Third Quarter Third-quarter sales increased to 185.5 million euros, EBIT to 64.8 million euros 24 percent growth in EBIT to 225 million euros for first nine months Nine-month EBIT in Eurex segment grew sevenfold Earnings per share increased to 1.69 euros after third quarter Deutsche Börse AG’s favorable business development this year continues with further increases in sales and EBIT in the third quarter. The company shows that, compared with the third quarter of last year, sales increased by some 18 percent to 185.5 million euros. The EBIT of 64.8 million euros for the third quarter is about seven percent higher than last year. For the first nine months of the current year, sales grew 19 percent to 560.1 million euros, while EBIT increased 24 percent to 225.3 million euros, more than for the year 2000 in total. Mathias Hlubek, chief financial officer of Deutsche Börse AG, said: “The figures for the first nine months exceed our expectations. In spite of the traditionally weaker fourth quarter, we are confident that we will be able to achieve our targets for the year as a whole.” As in the previous quarters, the segmental reporting shows different trends in the Xetra (cash market) and Eurex (derivatives market) segments. In the Xetra segment, third-quarter EBIT remained stable with 6.3 million euros as compared with 6.4 million last year, in spite of a decline in sales, from 65.5 million euros to 58.2 million euros. Eurex, on the other hand, posted an increase in sales, from 37.5 million euros to 68.5 million euros, driving up EBIT from -4.6 million euros to 27.8 million euros. During the first nine months, EBIT from Eurex grew more than sevenfold to 83.9 million euros, whereas EBIT from Xetra halved to 30 million euros. The favorable trend in the Eurex segment reflects the significant increase in trading activity, especially the 131 percent growth in index derivatives. EBIT in the Xetra segment remained stable despite declining sales mainly due to the fact that third-quarter earnings in 2000 suffered from a change in the accounting for settlement notes following the foundation of BrainTrade as the operating company for the floor-trading systems. EBIT for the year to date was stable in the Information Products segment at 11.4 million euros (a one-percent increase) and increased slightly in Systems to 77.2 million euros (a six percent increase). The Settlement segment, in which Deutsche Börse includes the earnings from its holdings in Clearstream International (50 percent) and Cedel International (one percent), contributed EBIT of 42.2 million euros in the first nine months, roughly 13 percent less than in the same period of last year. Result of the third quarter and the first nine months of 2001 Third quarter Year to date per 30.09.2001 30.09.2000 30.09.2001 30.09.2000 Sales (in EUR million) 185.5 157.3 560.1 470,4 EBIT (in EUR million) 64.8 60.8 225.3 181.6 Profit before tax (in EUR million) 75.3 60.5 257.6 184.4 Net income (1) (in EUR million) 48.5 35.2 165.9 116.0 Earnings per share (in EUR) 0.48 0.48 1.69 1.57 (1) Excluding extraordinary income amounting to 74.2 million euros in 2000 from the initial consolidation of Clearstream International SA. ——————————————————————————– WKN: 581005; Index: MDAX Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 090730 Nov 01