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年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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過了最初的2023年淨收入預期，年底達到近51億歐元。
在分析、回購、大宗商品和外匯業務的推動下，長期增長總額爲5％。
週期性淨收入增長的7％來自更高的利率。
納入SimCorp的業績使該年度的總收入增加了2億歐元。
該公司公佈的息稅折舊攤銷前利潤增長了17％，並提議派發每股3.80歐元的股息，派息約爲40％。
一項3億歐元的股票回購計劃已經啓動。
2024年，預計淨收入和息稅折舊攤銷前利潤分別超過56億歐元和32億歐元。
2023年財務表現強勁，淨收入增長超過17％，息稅折舊攤銷前利潤率爲60％。
Business Progress:
業務進展：
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.
戰略優先事項包括支持進一步的長期增長，確保新的IMS細分市場取得成功，以及應用新的資本管理框架。
重點將放在通過贖回爲收購SimCorp而發行的商業票據、改善評級指標和完成當前的股票回購計劃來去槓桿化上。
進入2024年，該公司將處於強勢地位，計劃在各個業務中實現增長，並擴大SimCorp的規模。
由於新客戶的收購和現有客戶的續約，新的投資管理解決方案板塊的強勁增長。
歐洲衍生品市場份額的增加歸因於Algo Traders市場活動的增加。
該公司預計，到2024年，將實現計劃與SimCorp達成的9000萬歐元協同效應的60％（5400萬歐元）。
More details: DEUTSCHE BOERSE AG IR
更多詳情： 德意志交易所股份公司
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