Deutsche Boerse AG (DBOEY.PK, DBOEF.PK) Monday reported a decline in profit for the first quarter, as revenues were hurt by lower interest rates and reduced equity market volatility.
Net income for the quarter declined to 121.2 million euros or 0.66 euro per share from 146.2 million euros or 0.77 euro per share in the comparable quarter last year.
Adjusted earnings for the quarter was 169.9 million euros or 0.92 euro per share.
Revenues totaled 484.3 million euros, down 4 percent from 506.9 million euros last year.
Net-interest income from banking business decreased to 8.2 million euros from 18.5 million euros last year.
EBIT declined to 192.0 million euros from 260.0 million euros last year. Adjusted EBIT was 257.8 million euros.
Operating costs totaled 295.3 million euros, up from 248.6 million euros last year.
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