Deutsche Boerse is reviewing its strategy and costs, and plans to provide details in May, the German stock exchange operator's new chief executive said today, indicating that acquisitions could be part of his plans.  

"I see a whole range of opportunities for us to grow," CEO Theodor Weimer said.

He also highlighted what he called "a unique opportunity to build a credible alternative to London," once Britain leaves the European Union. 

He pointed to hopes of drawing euro clearing business from London after Britain leaves the European Union, opportunities for its data business, and possible acquisitions. 

"Acquisition-driven growth is a staple of our sector, because the stock exchange business is a scale business. Size is vital for our success," he stated. 

The comments at an annual press conference are the most extensive since Weimer took over as head of the German stock exchange as its chief executive at the start of the year. 

Weimer aims to open a new chapter after Deutsche Boerse was beset by an insider trading scandal, a failed merger with its London counterpart and a profit warning.  

"I will do everything I can to make 2018 a year of renewal," Weimer said. 

The company missed its full-year profit target for 2017 as low market volatility weighed on its business, its earnings published this week showed, but it expects a rise in net profit of "at least" 10% in 2018.