Deutsche Boerse Ag Namen (DBOEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon ladies and gentlemen and welcome to the Deutsche Beurse AG analyst and investor conference call regarding the second quarter of 2026. At this time all participants have been placed on listen-only mode and the floor will be open for questions following the presentation. The conference is being recorded. Let me now turn the floor over to Mr. Jan Strecker. Welcome, ladies and gentlemen, and thank you for joining us today to review our financial results for the second quarter of 2026. Present on today's call are Stephan Leithner, our Chief Executive Officer, and Jens Schulte, Chief Financial Officer. Stephan and Jens will take you through the presentation, and following their remarks, we will open the lines for your questions. The presentation materials have been distributed by email and can also be downloaded from our Investor Relations website. The call is being recorded and a replay will be made available shortly after the conclusion of today's session. With that, let me now hand over to you, Stephan. Thank you, Jan, and welcome everyone. The first half of 2026 exceeded our expectations on the treasury side and confirmed our strong core growth trajectory with broad-based secular revenue growth, accelerating operating leverage, and an upgraded full-year outlook. Let me take you through five key points and key themes that we really want to emphasize. The first key theme is our performance. You will recall that Q1 benefited from a significant increase in volatility, particularly in March. As we said at the time, we expected activity levels to normalize after that spike. This is exactly what we saw in Q2 and was fully consistent with our expectations. What is important is that Even in this more normalized environment and against a strong prior year quarter,...