Deutsche Boerse AG

DB1: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€113.00	Hykm	Flpgycrnc

Deutsche Boerse Earnings: Net Interest Income Continues To Form a Nice Tailwind; Guidance Improved

Niklas Kammer

Jul 26, 2023

Wide-moat Deutsche Boerse reported second-quarter EBITDA of EUR 733 million, up 25% compared with the same period a year ago and ahead of the EUR 703 million expected by the consensus collected by Deutsche Boerse. We maintain our EUR 180 per share fair value estimate.

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