Deutsche Börse Group will present its strategy “Leading the Transformation” on its Capital Markets Day tomorrow. Based on the long and successful track record, the leading European market infrastructure provider will continue its strong growth journey across its business portfolio until 2028 and beyond.

Secular growth trends fueling client benefits from Deutsche Börse Group’s integrated infrastructure offering and the scaling of its business through technology leadership are the core elements of this growth path. Furthermore, the Group is positioning itself on key themes such as the transformation of the European capital markets as well as the rapid expansion of digital and alternative assets. This will further drive long-term growth well beyond the current planning cycle of 2028.

Overall, Deutsche Börse Group expects a compound annual growth rate (CAGR) in net revenue without treasury result of 8 per cent to €6.5 billion by 2028. Combined with only 3 per cent CAGR operating cost growth supported by the evolution of its operating model ‘OneGroup’, which focusses on scalability and qualitative improvements, this leads to significant scale benefits. Deutsche Börse Group therefore expects an average annual increase in EBITDA without treasury result of 12 per cent by 2028.

Stephan Leithner, CEO of Deutsche Börse Group, commented: “We have successfully established a European champion in capital markets infrastructure on a global scale, with a unique, integrated business model covering the entire value chain. This was made possible by our strong track record of leading the capital markets transformation over the past 25 years. Powered by our focus on innovation, resilience, and technology, we will also lead the transformation of capital markets into the next generation.”

He added: “We will continue to deliver strong and sustained growth by scaling our business, especially through our leadership in secular industry developments and by combining our strong digital operating model with new technologies. We are fully committed to developing stronger, more innovative, and efficient European capital markets with greater resilience. This will enable these markets to foster renewed economic growth, broader prosperity, and global competitiveness.”

The refined capital allocation principles that combine strong investment capacity and attractive shareholder returns round off the strategy. Organic growth driven by secular trends continues to have the highest capital allocation priority, while M&A is expected to continue if strategically and financially attractive to complement organic growth. The dividend payout ratio is targeted at 30-40 per cent with a continuously increasing dividend per share. As a refinement to the principles, Deutsche Börse Group now intends to complement the dividend with regular annual share buybacks, with volumes subject to the expected excess liquidity. In this context, the Executive Board has resolved to implement a share buyback program of €500 million in 2026.

Key financials:

Here you can find more information on tomorrow’s Capital Markets Day, including the presentation.

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Editorial note:
In our media library we kindly provide you with a printable photo of Stephan Leithner.

Media contact:
Ingrid M. Haas
+49 69 211 13217
media-relations@deutsche-boerse.com

Patrick Kalbhenn
+49 69 211 14730
media-relations@deutsche-boerse.com
 

About Deutsche Börse Group
As an international exchange organization and innovative market infrastructure provider, Deutsche Börse Group ensures that capital markets are fair, transparent, reliable, and stable. With its wide range of products, services, and technologies, the Group organizes safe and efficient markets for sustainable economies.

Its business areas cover the entire financial market transaction process chain. This includes the provision of indices, data, software, SaaS, and analytical solutions, as well as admission, trading, and clearing. Additionally, it comprises services for funds, the settlement and custody of financial instruments, and the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems worldwide.

With nearly 16,000 employees, the Group is headquartered in the financial center of Frankfurt/Rhine-Main and has a strong global presence in locations such as Luxembourg, Prague, Cork, London, Copenhagen, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo, and Sydney.