Deutsche Boerse Q2 net profit drops 4% but 2020 guidance unchanged

Credit: REUTERS/KAI PFAFFENBACH

German exchange operator Deutsche Boerse on Wednesday said it posted a 4% fall in second quarter net profit, coming in below expectations, but left its guidance for the year unchanged.

FRANKFURT, July 29 (Reuters) - German exchange operator Deutsche Boerse DB1Gn.DE on Wednesday said it posted a 4% fall in second quarter net profit, coming in below expectations, but left its guidance for the year unchanged.

Net profit attributable to shareholders was 256.7 million euros ($302.26 million), down from 266.9 million euros a year ago, the company said. Analysts had expected an increase in profit.

($1 = 0.8493 euros)

(Reporting by Tom Sims, Editing by Franklin Paul)

((Tom.Sims@thomsonreuters.com; +49 69 7565 1242;))

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