Gregor Pottmeyer, Chief Financial Officer of Deutsche Börse AG: “The business environment for Deutsche Börse Group further improved in the second quarter of 2010. Added to this was the increased volatility on financial markets, particularly in May. The measures to increase operating efficiency have also already had a positive effect on the Group’s results. We therefore expect to come in below our costs guidance for full-year 2010.”

Q2/2010 results

In the course of the recovery of the global economy and increased volatility on financial markets, Deutsche Börse Group recorded significant growth in sales revenue in Q2/2010 as against both the prior-year quarter and the previous quarter. At €564.4 million in Q2/2010, sales revenue was up 9 percent as against Q2/2009 (€515.6 million) and also 9 percent higher than in Q1/2010 (€519.2 million).

In addition to sales revenue, the Group’s net interest income from banking business amounted to €15.7 million, down 39 percent on the prior-year quarter (Q2/2009: €25.9 million) and up 43 percent on the previous quarter (Q1/2010: €11.0 million). The year-on-year decline is due to low short-term interest rates, expired interest rate hedging transactions and longer-term investments reaching maturity. The slight increase as against the previous quarter is the result of higher average customer cash balances, which rose to €7.0 billion in the second quarter (Q1/2010: €5.9 billion), and an increase in short-term market interest rates. Other operating income amounted to €24.6 million in the second quarter of 2010 (Q2/2009: €12.1 million). This increase was mainly due to an adjustment to the maturities of the investment portfolio for Clearstream’s own funds.

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