Analysts

Numerous German and international analysts follow the development of Deutsche Börse. The following list contains banks and securities trading houses which regularly publish commentaries, ratings and recommendations on the share of Deutsche Börse AG. The list does not claim to be complete.

Companies/analysts following Deutsche Börse AG


Alphavalue, Dieter Hein	J.P. Morgan, Enrico Bolzoni
Autonomous, Ian White	KBW, Kyle Voigt
Bank of America, Hubert Lam	Kepler Cheuvreux, Tobias Lukesch
Bankhaus Metzler, Jochen Schmitt	LBBW, Per-Ola Hellgren
Barclays, Michael Sanderson	Mediobanca, Alberto Nigro
BNP Paribas Exane, Arnaud Giblat	Morgan Stanley, Bruce Hamilton
Citi, Andrew Coombs	Morningstar, Niklas Kammer
Deutsche Bank, Benjamin Goy	Oddo BHF, Roland Pfänder
DZ Bank, Philipp Häßler	RBC Capital Markets, Ben Bathurst
Goldman Sachs, Oliver Carruthers	Redburn Atlantic, Nicholas Watts
HSBC, Johannes Thormann	UBS, Michael Werner
Jefferies, Tom Mills	Warburg Research, Andreas Plaesier

_{As at 14 January 2025}

Analysts’ Estimates

As a service for our investors, we provide analysts’ recommendations and financial estimates, contributed by financial analysts.

We update this page on a quarterly basis, shortly before the publication of our quarterly financial reports. You can download the summary of consensus estimates at the bottom of the page.

Disclaimer

To enhance comparability among the divergent methods employed by the analysts in preparing their estimates, DEUTSCHE BÖRSE requested analysts which, to the best of DEUTSCHE BÖRSE’s knowledge, cover DEUTSCHE BÖRSE via written research reports on a regular basis to provide their estimates for each of the line items published in the table. For each financial item, the consensus information published in attached file is the arithmetic average of all estimates received from analysts.

The opinions, estimates, forecasts and recommendations of analysts, and the consensus information derived from them, regarding DEUTSCHE BÖRSE’s performance are those of the analysts alone and do not represent opinions, estimates or forecasts of DEUTSCHE BÖRSE or its management.

By presenting the consensus information above, DEUTSCHE BÖRSE does not endorse or agree with any of such analysts’ opinions, estimates, forecasts or recommendations. DEUTSCHE BÖRSE has not verified any of the analyst information it has received and none of DEUTSCHE BÖRSE, its affiliates or their respective directors, officers and employees make any representation or warranty, express or implied, regarding the accuracy or completeness of the consensus information or otherwise endorse or agree with any of the consensus information. DEUTSCHE BÖRSE therefore does not assume any responsibility to update, revise or supplement the consensus information.

Such consensus information is being provided for informational purposes only and is not intended to, nor does it constitute, investment advice or any solicitation to buy, hold or sell securities or other financial instruments of DEUTSCHE BÖRSE. In addition, investors are warned that reliance on the consensus information as part of their investment decision could result in a loss, especially if DEUTSCHE BÖRSE failed to meet the analysts’ estimates.

The circulation of the consensus information by DEUTSCHE BÖRSE is not mandatory and DEUTSCHE BÖRSE may amend its practice on this at any time.