Deutsche Boerse raises medium-term outlook after acquisitions

Deutsche Boerse raised its medium-term guidance after sealing the acquisitions of foreign exchange platform 360T and of two index groups over the weekend. The German stock market operator said on Monday that it would now seek to hike its earnings before interest and taxes (EBIT) and net income by 10 to 15 percent annually in the medium-term. It now expects net revenue to increase between 5 and 10 percent annually if the world economy continues to recover and interest rates rise over the medium term.
This would imply a target range of between 2.8 billion euros ($3.11 billion) and 3.2 billion euros in net revenue and EBIT of 1.55-1.75 billion euros for 2018, including the recently announced acquisitions of index group STOXX and 360T, the company said in a statement.