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The IMS segment, which combines ISS, STOXX, Axioma, and SimCorp’s software and SaaS business, is anticipated to boost Deutsche Börse’s recurring revenues and generate €90 million synergy potential on EBITDA level. The merger of SimCorp and Axioma will provide comprehensive investment solutions for institutional investors, leveraging high-quality data from ISS’s ESG business and STOXX’s index business for new indices development.
Additionally, the firm plans to capitalize on the digitalization of asset classes and their trading and settlement platforms. This includes expanding cloud usage, accelerating the development of Clearstream’s D7 platform, and establishing a trading platform for digital assets.
In terms of profitability, Deutsche Börse forecasts an average annual EBITDA increase of around 11%, reaching approximately €3.8 billion. As part of its refined capital management strategy, the company plans to distribute dividends equivalent to between 30% and 40% of net profit to shareholders. In case of surplus liquidity, dividends will be supplemented with share buy-backs. A €300 million share buy-back programme has been approved for Q1 2024.
The “Horizon 2026” strategy also targets a seven per cent organic growth per year until 2026, bolstered by three per cent annual growth from SimCorp’s acquisition. These financial projections are integral to the strategy approved by the Executive Board and due for presentation at the Investor Day.
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