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Deutsche Börse is growing vigorously: Electricity price increases are a driving force

2021-10-19T17:58:23.017Z


In the third quarter, Deutsche Börse benefited from the turbulence on the electricity market, among other things. In addition, recent acquisitions continued to pay off. The Dax company announced on Tuesday evening in Frankfurt that net sales rose by 18 percent to 838 million euros in the months of July to September compared to the previous year.


In the third quarter, Deutsche Börse benefited from the turbulence on the electricity market, among other things.

In addition, recent acquisitions continued to pay off.

The Dax company announced on Tuesday evening in Frankfurt that net sales rose by 18 percent to 838 million euros in the months of July to September compared to the previous year.

Frankfurt / Main - According to the information, the increase is primarily due to the business expanded with acquisitions outside of the volatile stock markets.

In addition, the price increase for gas and electricity led to high trading volumes on the EEX electricity exchange.

The group was thus able to compensate for the stagnating business in share trading and by hedging against risks.

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Investors on the German stock market remained nervous on Thursday.

The Dax went 0.68 percent lower at 15,260.69 meters from trading.

The MDax with the medium-sized values ​​lost 0.44 percent to 34,369.69 points.

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Teamviewer lowers forecast after a weak quarter

The software provider Teamviewer is struggling with unexpectedly weak growth in its business.

After the third quarter, the management around CEO Oliver Steil now had to cut the prospects for billing and sales, and profitability is also estimated to be lower than before.

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Weak Wall Street puts pressure on Dax

The German stock market got off to a weaker start to the week.

After hardly any movement over long stretches of the trading day, the Dax came under pressure in the late afternoon in the wake of significant losses on the US stock exchanges.

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Earnings before interest, taxes, depreciation and amortization (Ebitda) rose in the third quarter by a quarter to almost 500 million euros.

The revenues and the operating profit were by and large as expected by experts.

In addition, as expected, the Group confirmed its forecasts for the current year and the medium-term targets.

dpa

Source: merkur

All news articles on 2021-10-19

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