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Deutsche Börse AG releases Q1 2008 results

06 May 2008

Deutsche Börse AG: Deutsche Börse achieved its best quarter ever in the first three months of financial year 2008. At €644.5 million, sales revenues were up by 19 percent on Q1/2007 (€543.1 million) reflecting record trading volumes and the full consolidation of the International Securities Exchange (ISE). A further €64.3 million was generated from net interest income from banking business (Q1/2007: €46.1 million). Total costs in the first quarter amounted to €316.1 million (Q1/2007: €313.3 million), including some €10 million in depreciation of intangible assets related to ISE. EBITA rose to a new record of €425.8 million in the first quarter (Q1/2007: €300.3 million), up by 42 percent. Included in EBITA is a one-time effect of 9 million Euro in other operating income associated with the termination and associated sale of ISE’s shares in a joint venture between ISE and TSX. The net financial result of the Group in the first quarter was positively impacted by a non-realized currency gain of some €25 million related to the ISE financing. Earnings per share for the average of 192.1 million shares in the first quarter rose 61 percent to €1.58 (Q1/2007: €0.98 for 195.3 million shares). Based on the strong performance in the first quarter, structural growth drivers across the business portfolio, increased volatility on the global markets and tight cost management, Deutsche Börse is on track for continued earnings growth in 2008.

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ISIN DE0005810055

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