Reuters: Mergers News: UPDATE 1-Deutsche Boerse Q1 EBIT in line, hit by charge

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Deutsche Boerse Q1 EBIT in line, hit by charge Apr 26th 2012, 18:26 Thu Apr 26, 2012 2:26pm EDT * Deutsche Boerse sales 552.4 mln eur vs 547 mln eur poll * Deutsche Boerse EBIT 260 mln eur vs 263 mln eur poll * Deutsche Boerse says revenues bolstered by SIX deal FRANKFURT, April 26 (Reuters) - Deutsche Boerse AG's first-quarter earnings before interest and taxes fell 19 percent to 260 million euros ($344 million), hit by a charge for the failed takeover of NYSE Euronext. Earnings were broadly in line with a Reuters poll, which had forecast Deutsche Boerse first-quarter EBIT of 263 million euros. Deutsche Boerse said it took a 16.6 million euro charge for its failed merger with NYSE Euronext, a deal which was blocked by the European Commission earlier this year. The operator of the Frankfurt Stock Exchange said financial market activity hit revenues, with volumes on the Xetra share trading platform down 15 percent, and volumes on Eurex down 16 percent. Overall, revenues remained stable at 552. million euros, compared with analyst expectations of 547 million euros, thanks to the additional revenues from a stake in derivatives platform Eurex, which was previously owned by joint-venture partner SIX Group. Link this Share this Digg this Email Reprints

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