Deutsche Boerse 2022 net profit up 24%, more than expected

A general view shows the German stock exchange (Deutsche Boerse) in Frankfurt
A general view shows the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT, Feb 8 (Reuters) - German exchange operator Deutsche Boerse (DB1Gn.DE) said on Wednesday that 2022 profit rose 24%, beating analyst expectations and driven by volatility in financial markets that lifts trading volumes and revenues.

Deutsche Boerse also pointed to higher trading volumes in derivatives and commodities, as well as the U.S. dollar's appreciation against the euro, as factors that helped lift earnings.

"Despite the expected economic slowdown we are anticipating our business to continue to grow further in the current year," said Theodor Weimer, chief executive officer.

Full-year net profit attributable to shareholders was 1.49 billion euros, up from 1.21 billion euros. The 24% increase was better than analysts expectations for around 22%.

For the quarter, net profit was 359.2 million euros, up 28% from 281.2 million euros a year ago, the company said. Analysts had expected a quarterly profit increase of around 20%.

Reporting by Tom Sims and Marta Orosz Editing by Madeline Chambers

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