Earnings Call Summary | DEUTSCHE BOERSE AG(DBOEY.US) Q1 2024 Earnings Conference
Earnings Call Summary | DEUTSCHE BOERSE AG(DBOEY.US) Q1 2024 Earnings Conference
The company maintained its financial guidance for over €5.6 billion of net revenue and more than €3.2 billion of EBITDA for the full year.The following is a summary of the Deutsche Börse AG (DBOEY) Q1 2024 Earnings Call Transcript:
以下是德意志交易所股份公司（DBOEY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Deutsche Boerse AG reported a 16% net revenue growth in the first quarter, with organic net revenue growth at 6%.
The consolidation of SimCorp's Software Solutions business and strong organic growth served as key drivers.
The company maintained its financial guidance for over €5.6 billion of net revenue and more than €3.2 billion of EBITDA for the full year.
Deutsche Börse confirmed an anticipated additional net revenue of €300 million from the fixed income roadmap by 2026 and €600 million revenue for SimCorp.
Despite a 14% increase in futures business volume, trading revenues remained flat, largely due to lower margin requirements and an incentivization program.
The company's current cost increase projections align with what was seen in Q1, which is below €2.5 billion.
德意志交易所股份公司報告稱，第一季度淨收入增長16％，有機淨收入增長6％。
SimCorp軟件解決方案業務的整合和強勁的有機增長是關鍵驅動力。
該公司維持了全年淨收入超過56億歐元和息稅折舊攤銷前利潤超過32億歐元的財務預期。
德意志交易所證實，預計到2026年，固定收益路線圖將增加3億歐元的淨收入，而SimCorp的收入將增加6億歐元。
儘管期貨業務量增長了14％，但交易收入保持不變，這主要是由於較低的按金要求和激勵計劃。
該公司目前的成本增長預測與第一季度一致，低於25億歐元。
Business Progress:
業務進展：
The company is making progress with its Horizon 2026 strategy, with the consolidation of SimCorp resulting in new client wins and expanded contracts with existing clients.
Deutsche Börse is advancing well with its post-merger integration project and is on track to deliver synergies.
Plans are underway to expand activities in North America, aided by the appointment of a new Head of Americas at SimCorp.
The company is also forecasting gains in annual recurring revenue, targeting a midpoint growth of 15% by end of Q1.
While growth in the Investment Management Solutions (IMS) business has slowed due to asset manager and hedge fund consolidation, the ESG component of IMS continues to exhibit solid double-digit growth.
Deutsche Börse is actively integrating more clients into its SimCorp SaaS platform, with major client growth anticipated in Q4 due to strong seasonality. Its service, AIM, is expected to grow at a double-digit pace, primarily driven by passive investment.
該公司的Horizon 2026戰略正在取得進展，SimCorp的整合帶來了新的客戶並擴大了與現有客戶的合同。
德意志交易所的合併後整合項目進展良好，並有望實現協同效應。
在SimCorp任命新的美洲負責人的幫助下，正在計劃擴大在北美的活動。
該公司還預測年度經常性收入將增長，目標是到第一季度末實現15％的中點增長。
儘管由於資產管理公司和對沖基金的整合，投資管理解決方案（IMS）業務的增長放緩，但IMS的ESG部分繼續表現出穩健的兩位數增長。
德意志交易所正在積極將更多客戶整合到其SimCorp SaaS平台中，由於季節性強勁，預計第四季度主要客戶將增長。其服務AIM預計將以兩位數的速度增長，這主要是由被動投資推動的。
More details: DEUTSCHE BOERSE AG IR
更多詳情： 德意志交易所股份公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
