FRANKFURT, Oct 18 Reuters German exchange operator Deutsche Boerse on Wednesday posted a smallerthanexpected 7 rise in thirdquarter net profit, but raised its outlook for the full year.

Higher interest rates from central banks around the globe have generated interest income for Deutsche Boerse, lifting revenues and profits and offsetting more subdued volatility and trading volumes.

Net profit attributable to shareholders was 400.3 million euros 421.68 million, up from 373.3 million euros a year ago, the company said. Analysts had expected a profit increase of around 14.

Operating costs rose 13 to 505 million euros, more than the 476 million euros analysts had expected. Headcount and inflation helped drive up costs, Deutsche Boerse said.

Deutsche Boerse had already said it would exceed its fullyear targets but was more specific.

It now expects around 5 billion euros for fullyear revenue, up from earlier guidance of 4.5 billion4.7 billion euros.

And it now foresees earnings before interest, taxes, depreciation and amortisation of around 2.9 billion euros, up from its previous estimate of 2.6 billion2.8 billion euros.

1 0.9493 euros

Reporting by Tom Sims and Frank Siebelt Editing by Chris Reese and Richard Chang

Source Reuters