Deutsche Börse AG published its results for the first quarter of 2017 on Wednesday. Net revenue stood at €623.4 million, an increase of 2 per cent year-on-year (Q1/2016: €610.5 million). The increase was largely driven by the very positive developments in the Clearstream segment as well as the growth in fixed income derivatives at Eurex. These trends more than compensated for a subdued performance in the equity and index derivatives business due to lower equity market volatility. At €280.3 million, adjusted operating costs were stable compared to the previous year (Q1/2016: €279.8 million), mainly driven by the continuing improvements in operating efficiency. The adjusted profit for the period attributable to Deutsche Börse AG shareholders (hereinafter referred to as “consolidated net profit”) stood at €232.2 million, rising by 5 per cent year-on-year (Q1/2016: €221.3 million). Basic earnings per share, adjusted for non-recurring effects, amounted to €1.24 (Q1/2016: €1.18). Earnings were adjusted for non-recurring effects of €29.2 million related to operating costs, mainly in connection with mergers, and a gain of €116.6 million resulting from the complete divestiture of the shareholding in BATS Global Markets Inc.
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