Clearstream on high for Deutsche Börse 28 July 2014Frankfurt Reporter: Catherine Van de Stouwe
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Clearstream has recorded record highs in net revenue, despite a 2 percent dip in Deutsche Börse’s Q2 results for 2014.
In total, Deutsche Börse’s new revenue amounted to €488.4million, with cash deposits falling to €10.4 million due to low interest rates.
The report suggests the increase in Clearstream revenue compensated for the decline in net revenue for Eurex.
Gregor Pottmeyer, Deutsche Börse’s CFO and executive board member for human resources, said: “[Q2] results were negatively impacted by the low equity market volatility and extremely low interest rates, although the group was able to offset this in part with new record highs recorded by Clearstream and the positive development seen in the market data + services segment.”
“The company’s diversified business model means that its earning power remains strong even in periods of low volatility, and it considers itself in a good position to meet its objectives for 2014.”
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