Buoyed by a surprisingly good first quarter, Deutsche Börse wants to do even better in 2022 than previously planned. At the Annual General Meeting there are words of praise from shareholder representatives.
Deutsche Börse looks to the future with confidence and promises its shareholders further growth.
“Due to the excellent first quarter, we expect to exceed the original forecasts for 2022,” confirmed CEO Theodor Weimer on Wednesday at the online general meeting of the Dax group. “We expect that the revenues will probably increase to more than 3.8 billion euros this year. And our profit to more than 2.2 billion euros. »
On course for growth
The Frankfurt market operator achieves more than half of the targeted growth from its own resources, explained Weimer. The Deutsche Börse Management Board has set itself the goal of achieving annual average growth of ten percent in the years up to 2023, also with the help of takeovers – both in terms of net revenue and operating profit. Last year, Deutsche Börse increased net revenue and profit despite a decline in equity and derivatives business – also thanks to acquisitions. Among other things, the stock exchange acquired a majority stake in the US voting rights advisor ISS.
“The shareholders can be very satisfied with the performance of Deutsche Börse in the 2021 financial year,” praised Andreas Thomae from Deka Investment at the shareholders’ meeting, at which around 74 percent of Deutsche Börse AG’s share capital was represented. “Deutsche Börse has made significant progress when it comes to sustainability. Above all, the acquisition of ISS has brought the group forward,” said Thomae in a written statement.
In a live post, Markus Kienle, member of the Board of Directors of the Protection Association of Capital Investors (SdK), called for the online general meeting not to be the norm: “We expect that you will hold a face-to-face general meeting again in 2023.”
