Deutsche Börse Q1 Profit Falls

(RTTNews) - German stock exchange operator Deutsche Börse (DBOEF.PK, DBOEY.PK) on Wednesday reported a decline in first-quarter net earnings to €222.3 million or €1.21 per share from €229.6 million or €1.25 per share last year.

Excluding non-recurring items, adjusted earnings for the quarter were higher at €1.24 per share, compared with €1.00 per share in the prior year.

The company's net revenues for the quarter rose to €600.1 million from €516.7 million a year ago.

Deutsche Börse said it benefited from growth across all business segments: Eurex, Xetra, Clearstream and Market Data and Services.

Earnings before interest and tax, or EBIT, for the quarter were lower at €312.3 million, compared with €343 million in the prior year.

Adjusted EBIT for the quarter totaled €319.2 million, compared with €274.1 million a year ago.

The company's operating costs for the quarter increased to €293 million from €247.8 million last year.