Deutsche Boerse AG (CHIX:DB1d)
€ 262.95 (0%) Market Cap: 48.19 Bil Enterprise Value: -72.13 Bil PE Ratio: 24.40 PB Ratio: 4.32 GF Score: 76/100
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Q4 2024 Deutsche Boerse AG Earnings Call Transcript

Feb 12, 2025 / 01:00PM GMT
Release Date Price: €242.2

Key Points

Positve
  • Deutsche Boerse AG (DBOEF) achieved a total net revenue growth of 15% in 2024, surpassing their original guidance.
  • The company reported an 8% organic increase in net revenues without treasury results, aligning with their expectations.
  • EBITDA without treasury results increased by 14% on an organic basis, demonstrating strong operating leverage.
  • The Investment Management Solutions segment showed significant progress, with SimCorp achieving a 17% increase in annual recurring revenue.
  • Deutsche Boerse AG (DBOEF) proposed a dividend of EUR4 per share for 2024 and announced a EUR500 million share buyback program for 2025, reflecting strong shareholder returns.
Negative
  • The Market Intelligence business within the ISS stocks segment faced headwinds, resulting in overall growth falling short of the original plan.
  • The non-ESG business in the ISS STOXX segment experienced flat growth, impacted by headwinds in the Market Intelligence business.
  • The company faced challenges in the Trading and Clearing segment due to low volatility in equity markets, affecting index derivatives revenue.
  • Operating costs increased by 3% organically, driven by inflation and higher investments into growth and infrastructure.
  • The Security Services segment showed limited operating leverage, with EBITDA flat year-on-year despite a 7% increase in ex-treasury revenues.
Operator

Good afternoon, ladies and gentlemen, and welcome to the Deutsche Börse AG analyst and investor conference call regarding the Q4 and full-year 2024 preliminary financial results. (Operator Instructions)

Let me now turn the floor over to Jan Strecker.

Jan Strecker
Deutsche Boerse AG - Head of Investor Relations

Welcome, ladies and gentlemen, and thank you for joining us today to go through our preliminary fourth-quarter and full-year 2024 financial results.

With me, are Stephan Leithner, CEO; and Gregor Pottmeyer, CFO. Stephan and Gregor will take you through the presentation today. And afterwards, we will be happy to take your questions. Link to the presentation materials has been sent out via e-mail and they can also be downloaded from the IR section of our website. As usual, this conference call is recorded and will be available for replay.

Let me now hand over to you, Stephan.

Stephan Leithner
Deutsche Boerse AG - Co-Chief Executive Officer, Member of the Executive Board

Thank you,

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