Further investment to drive Deutsche Boerse growth

Deutsche Boerse is to commit €50 million to drive its growth after announcing strong Q2 results.

Deutsche Boerse is to commit €50 million to drive its growth after announcing strong Q2 results.

The Germany-based markets operator saw its net revenue climb by 19% compared with Q2 2014 to €583.1 million. It is bullish about its future prospects and anticipates net revenue growth of between 5-10% annually for the coming years.

To support this growth it has launched ‘Accelerate’ a new pan to expand the group and gain momentum in the medium-term.

From mid-2016 approximately €50 million will be committed to investment in its most promising initiatives.

Karsten Kengeter, CEO of Deutsche Boerse, said: “Our new medium-term plan focusses more strongly on the scalability of our business model – primarily through expected revenue growth of up to 10 per cent per annum until 2018. In addition, structural efficiency gains will take full effect by the end of 2016, in order to ensure that our earnings targets are achieved.”

Just yesterday, Deutsche Boerse announced it was acquiring FX trading platform 360T. It has also revealed plans to launch a derivatives trading venue in Asia alongside a broad push to sign partnership agreements with Asian firms.

The group said increased equity and interest rate volatility were primarily responsible for its increased Q2 revenue figures, while continuing positive developments in securities custody and settlement also played a part.

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