FRANKFURT (dpa-AFX) - Shares in Deutsche Borse continued their downward trend on Thursday after quarterly figures. However, they were able to significantly stem their initial losses. By late morning, they were down only a slightly above-average 0.6 percent to 156.20 euros - at the start of trading, they had slid to a low since June 2022 at 152.60 euros.

Thanks in part to high interest rates, the Borsen operator reported continued good business and once again raised its annual targets following the completion of the acquisition of Simcorp.

However, the associated special costs ensured that the quarterly results fell short of expectations, the market said. Berenberg analyst Peter Richardson therefore also lowered his short-term estimates for earnings per share - he does not expect the acquisition to contribute to profits until 2025. In contrast, UBS expert Michael Werner highlighted that, in addition to the raised outlook, operating earnings (Ebit) adjusted for special charges were slightly above the consensus estimate./gl/jha/