Deutsche Boerse Releases Preliminary Results for 2010
German exchange operator Deutsche Boerse Tuesday reported preliminary results for 2010, offering a glimpse of its financial picture on the same day a merger agreement with NYSE Euronextwas announced.
Operating earnings, which exclude one-time items, rose five percent from a year earlier, to 721.5 million euros ($973.5 million), or 3.88 euros per share, the company said in a press release. Net income slipped 16 percent, to 417.8 million euros.
Sales for 2010 rose slightly, to 2.11 billion euros from 2.1 billion euros.
Under the tentative merger agreement, Deutsche Boerse will control 60 percent of the combined Deutsche Boerse/NYSE Euronext, which has not yet been given a formal name.