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Deutsche Borse Q2 net income up 11%

Deutsche Borse has reported a net income of EUR178.8m for the second quarter of 2011, an increase of 11% compared to EUR160.8m for the same period in 2010.

Sales revenue was EUR528.6m for the second quarter of 2011, a decrease of 6%, compared to EUR564.4m for the same period in 2010.

The company posted earnings before interest and tax of EUR276.5m for the second quarter of 2011, compared to EUR257.4m for the same period in 2010.

The cash flow from operating activities for the second quarter of 2011 amounted to EUR249.1m compared to EUR150.9m for the same period in the previous year.

The company’s total costs decreased to EUR289.2m for the second quarter of 2011, 19% below the costs, compared to EUR356m for the same period in 2010.

Xetra segment sales revenue decreased 7% to EUR65.5m for the second quarter of 2011, compared to EUR70.8m for the same period in 2010.

Eurex segment sales revenue decreased 11% to EUR218.9m for the second quarter of 2011, compared to EUR246.1m for the same period in 2010.

Deutsche Borse CFO and executive board member for human resources Gregor Pottmeyer said Deutsche Borse maintained its rigorous cost discipline in the second quarter of 2011, enabling it to further optimize costs for the half-year period.

"Coupled with a slight rise in sales revenue, this increased earnings significantly in the first half of 2011," Pottmeyer said.