Deutsche Boerse forecasts increases in revenue and EBITDA through 2026
Reuters
Published Nov 07, 2023 11:58
FRANKFURT (Reuters) - German exchange operator Deutsche Boerse (ETR:DB1Gn) expects revenues to grow by around 10% each year on average through 2026, the company said on Tuesday as part of its strategy update.
It also expects earnings before interest, taxes, depreciation and amortisation (EBITDA) to grow by around 11% on average each year through the period.
The review comes weeks after it completed a 3.9-billion euro takeover of Danish investment management software company SimCorp and as it seeks new a new CEO.
Chief Executive Officer Theodor Weimer called the update "a natural evolution of our strategy".
On Monday, it announced a share buyback programme of 300 million euros.
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Written By: Reuters
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