Earnings Call Summary | DEUTSCHE BOERSE AG(DBOEY.US) Q4 2023 Earnings Conference
Earnings Call Summary | DEUTSCHE BOERSE AG(DBOEY.US) Q4 2023 Earnings Conference
The following is a summary of the Deutsche Börse AG (DBOEY) Q4 2023 Earnings Call Transcript:
以下是德意志交易所股份公司（DBOEY）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Deutsche Boerse significantly exceeded original net revenue guidance for 2023, ending the year with close to EUR 5.1 billion.
Secular growth, driven by the analytics, repo, commodities, and FX businesses totaled 5%.
7% of cyclical net revenue growth came from higher interest rates.
Inclusion of SimCorp's results boosted overall revenue for the year by EUR 200 million.
The company posted 17% EBITDA growth and proposes a dividend of EUR 3.80 per share, with a payout of around 40%.
A EUR 300 million share buyback program has been initiated.
For 2024, projected net revenue and EBITDA stand at over EUR 5.6 billion and EUR 3.2 billion respectively.
Strong 2023 financial performance with net revenue growth above 17% and the EBITDA margin at 60%.
德意志交易所大幅超过了最初的2023年净收入预期，年底达到近51亿欧元。
在分析、回购、大宗商品和外汇业务的推动下，长期增长总额为5％。
周期性净收入增长的7％来自更高的利率。
纳入SimCorp的业绩使该年度的总收入增加了2亿欧元。
该公司公布的息税折旧摊销前利润增长了17％，并提议派发每股3.80欧元的股息，派息约为40％。
一项3亿欧元的股票回购计划已经启动。
2024年，预计净收入和息税折旧摊销前利润分别超过56亿欧元和32亿欧元。
2023年财务表现强劲，净收入增长超过17％，息税折旧摊销前利润率为60％。
Business Progress:
业务进展：
Strategic priorities include supporting further secular growth, ensuring success for the new IMS segment, and the application of new capital management frameworks.
Focus will be on deleveraging through the redemption of commercial paper issued for the SimCorp acquisition, improving rating metrics, and completing the current share buyback program.
The company is in a strong position entering 2024, with growth planned across their individual businesses and the scaling of SimCorp.
Robust growth in the new Investment Management Solutions segment due to new client acquisition and existing clients' renewal.
Increase in market share in the European derivatives market attributed to increased market activity by Algo Traders.
The company expects to achieve 60% (EUR 54 million) of the planned EUR 90 million synergies with SimCorp by 2024.
战略优先事项包括支持进一步的长期增长，确保新的IMS细分市场取得成功，以及应用新的资本管理框架。
重点将放在通过赎回为收购SimCorp而发行的商业票据、改善评级指标和完成当前的股票回购计划来去杠杆化上。
进入2024年，该公司将处于强势地位，计划在各个业务中实现增长，并扩大SimCorp的规模。
由于新客户的收购和现有客户的续约，新的投资管理解决方案板块的强劲增长。
欧洲衍生品市场份额的增加归因于Algo Traders市场活动的增加。
该公司预计，到2024年，将实现计划与SimCorp达成的9000万欧元协同效应的60％（5400万欧元）。
More details: DEUTSCHE BOERSE AG IR
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