11/18/2020, 5:08 PM (Source: TeleTrader)
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Deutsche Boerse expects 10% annual profit till 2023

Deutsche Boerse AG presented on Wednesday its medium-term projection of turnover, saying it expects a 10% annual increase in both sales and profit until 2023.

The company's strategy, named Compass 2023, indicates a mergers and acquisitions (M&A) plan to support the estimated net sales growth, alongside the "continued organic growth." Group's CEO Theodor Weimer assured the coronavirus pandemic doesn't affect Compass 2023, "which is clearly designed to achieve sustainable, profitable growth." Deutsche Boerse aims to achieve an annual 5% growth contribution of both organic initiatives and M&A.

This announcement came one day after the agreement for the acquisition of Institutional Shareholder Services (ISS) for a fee that will exceed €1.5 billion.

Baha Breaking News (BBN) / CG