Deutsche Boerse AG

DB1: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Deutsche Boerse Earnings: Slight Guidance Lift on Strong Performance

Niklas Kammer

Oct 23, 2024

Wide-moat Deutsche Boerse reported a good third quarter. Following better-than-expected performance in commodities and higher net interest income, the exchange group increased its guidance for net revenue to EUR 5.8 billion from over EUR 5.7 billion and for EBITDA to between EUR 3.3 billion and EUR 3.4 billion from above EUR 3.3 billion. We maintain our EUR 201 per share fair value estimate.

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Deutsche Boerse AG

Deutsche Boerse Earnings: Slight Guidance Lift on Strong Performance

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