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Deutsche Börse plans job cuts

German exchange's 2018 earnings targets also include other measures to reduce costs and boost group efficiency

Deutsche Börse plans job cuts

Germany’s Deutsche Börse on Monday reported double-digit-percentage rises in revenue and net profit, helped by higher trading activity in capital markets, and set 2018 earnings targets that will include job cuts and other measures to reduce costs and boost group efficiency.

For 2018, the exchange operator targets net revenue of €2.8 billion to €3.2 billion ($3.1 billion to $3.5 billion), with operating profit of €1.55 billion and €1.75 billion. To reach those goals, the company plans to unlock around €50 million in additional investment capacity from 2016 onward, requiring one-time restructuring costs of €60 million in 2015.

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