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Results of operations

Report on expected developments – future development of results of operations

For the year 2024 we are expect revenue to increase again to more than €5.6 billion. In addition to organic growth on the basis of our secular growth opportunities, the consolidation of SimCorp will make a significant contribution. We are also currently anticipating slight secular headwinds if central banks should reduce their base rates. If market volatility goes up or interest rates stay at least at their current level, this would have a positive effect. In terms of operating costs we are planning an increase for investment in our organic growth opportunities, and the additional contribution from SimCorp. On this basis we anticipate earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than €3.2 billion in 2024.

Forecast for results of operations 2024

Basis 2023
Forecast 2024

Net revenue



Earnings before interest, tax, depreciation and amortisation (EBITDA)