Deutsche Börse Achieves Record Results in Q2

Deutsche Börse AG has closed the second quarter of 2005 with record sales and earnings. Sales revenue increased by 13 percent year-on-year to EUR405.5 million (Q2/2004: EUR359.0 million). EBITA (earnings before interest, taxes and goodwill amortization) amounted to EUR174.4 million in Q2 - up 35 percent on the prior-year period (Q2/2004: EUR129.5 million). Earnings per share rose to EUR1.02 in the second quarter (Q2/2004: EUR0.60, after goodwill amortization).

Positive trends in capital markets helped increase demand for Deutsche Börse Group's products and services in the first six months: The 9 percent year-on- year sales revenue growth in the first half of 2005 is the Group's strongest organic growth since the Company's IPO in 2001. On the basis of the excellent six-month figures, Deutsche Börse lifts its guidance for the current financial year. Deutsche Börse is confident that it will exceed its EBITA target for 2005 of around EUR600 million by at least 5 percent. Deutsche Börse reiterated the Company's medium-term growth targets of approximately 5 percent for sales revenue and 10 percent for the operating result (EBITA), based on its 2005 EBITA target of EUR600 million.

The Company's segment reporting for the second quarter shows that Clearstream again recorded the highest sales revenue. Revenues (sales revenue and net interest income from banking business) increased by 11 percent to EUR182,0 million in Q2/2005 (Q2/2004: EUR164,2 million). The segment's EBITA grew by 23 percent to EUR59.9 million (Q2/2004: EUR48.7 million), while costs remained stable.

The Eurex segment accounted for sales revenue of EUR126.8 million in the second quarter - up by 25 percent year-on-year (Q2/2004: EUR101.7 million). In terms of EBITA, Eurex generated disproportionately high growth of 61 percent to EUR67 million (Q2/2004: EUR41.7 million).

In the Xetra segment, sales revenue increased to EUR58.3 million (Q2/2004: EUR52.3 million) in the second quarter due to greater trading activity on the Xetra pan-European trading platform. With costs falling slightly, EBITA rose by 45 percent to EUR26.3 million.

The Information Technology segment grew by 11 percent in Q2, generating external sales revenue of EUR34.2 million (Q2/2004: EUR30.7 million). EBITA amounted to EUR23.5 million (Q2/2004: EUR29.4 million).

Sales revenue in the Market Data & Analytics segment increased by 9 percent to EUR32.6 million (Q2/2004: EUR30.0 million). The segment generated EBITA of EUR10.6 million compared with EUR11.3 million in Q2/2004.