DEUTSCHE Boerse yesterday reported a fourth-quarter loss of €61.2m (£51.6m), yet said it was optimistic for the year ahead as it gears up to merge with the New York Stock Exchange (NYSE).
The Frankfurt-based exchange was forced to pay a €453.3m charge on its International Securities Exchange business. The bourse recorded the €61.2m net loss for the three months to 31 December, compared with a €33m loss for the same period a year earlier. The exchange hit revenues of €518.4m for the final quarter of last year, up 2.7 per cent on a year earlier.
Analysts had projected a higher loss and lower revenues for the group.
Frank Braden, analyst at Standard & Poor’s, said: “We think that Deutsche Boerse is well positioned to benefit from improving equity volume growth.”
Braden added: “We remain positive on the proposed merger with the New York Stock Exchange.”