German exchange operator Deutsche Boerse reported net revenue in excess for US$5 billion for 2023.
This amounted to a 17% increase on the previous year’s results.
In addition, the group reported a 13% rise in its Q4 net profits ($438.14 million), a performance broadly in line with analysts’ expectation.
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Deutsche Boerse cited two factors as important drivers for the positive results – the tailwind of high interest rates and the acquisition of Danish software firm SimCorp which delivered net revenue volumes of €198 million in Q4.
The success of the SimCorp acquisition as well as the completion of the FundsDLT purchase will also be key factors in Deutsche Boerse’s future strategy, according to comments from chief executive Theodor Weimer about the group’s 2026 strategy.
“We are systematically expanding the new Investment Management Solutions segment, which targets asset managers who are becoming increasingly important,” he said.
“We will also continue to increase our share of recurring net revenue to make ourselves less dependent on cyclical effects of the market. In 2024, we again expect significant net revenue and earnings growth due to our organic growth and the consolidation of SimCorp.”
