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Deutsche Börse's Q1 net income drops YOY

Deutsche BörseAG reported first-quarter net profit attributable to itsshareholders of €205.4 million, compared to €222.3 million in the same periodin 2015.

Basic EPS for the period was €1.10, down from the year-ago€1.21. Adjusted for nonrecurring effects, preliminarynet income for the quarter amounted to €233.8 million, compared to €228.6million a year ago.

First-quarter net revenue rose year over year to €648.5million from €600.1 million. Of the total net revenue, Eurex contributed €313.8million for the quarter, compared to €250.6 million in the year-ago period,while Clearstream's contribution declined to €187.3 million from €190.8 millionover the same period. Xetra's contribution declined on a yearly basis to €43.4million from €49.2 million and Market Data and Services' contribution declinedto €104.0 million from €109.5 million.

Net interest income from the banking business increased to€18.6 million from €8.4 million reported in the year-ago quarter.

Taking into account nonrecurring items, including theplanned merger withLondon Stock Exchange GroupPlc, operating costs for the German exchange increased to €340.1million in the quarter from €293.0 million a year earlier.

Earnings before interest and tax amounted to €310.6 millionin the first quarter, compared to the year-ago €312.3 million. However,adjusted for nonrecurring effects, the company's EBIT for the quarter rose on ayearly basis to €349.5 million from €319.2 million.