DB1 Deutsche Boerse AG

   By Mauro Orru 
 

Deutsche Boerse AG on Wednesday set growth targets until 2023 as part of its mid-term strategy.

The German stock exchange operator said it expects net revenue growth of about 10% a year on average until 2023, with an increasingly important contribution from mergers and acquisitions.

The M&A contribution to net revenue should rise to around 5%, the company said.

Deutsche Boerse projects average annual growth of around 10% for earnings before interest, taxes, depreciation, and amortization as well as for earnings per share until 2023.

"The long-term trends in the financial markets support our solid growth. They will not greatly be affected by Corona. Corona has a rather cyclical character for us," Chief Executive Theodor Weimer said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

November 18, 2020 08:38 ET (13:38 GMT)

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