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    FTK   DE000FTG1111

FLATEXDEGIRO AG

(FTK)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/20 03:59:36 pm
19.315 EUR   +2.96%
01/17FLATEXDEGIRO AG : Notification and public disclosure of transactions by persons
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01/13FLATEXDEGIRO : Buy rating from Warburg Research
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01/12FLATEXDEGIRO : Gets a Buy rating from Berenberg
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???????flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability

11/18/2021 | 08:38am EST

DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Miscellaneous
???????flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability

18-Nov-2021 / 14:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability

The Management Board has today decided to make significant changes to the price structure at DEGIRO, it's leading European online brokerage brand. Price changes include commission-free US trading in all DEGIRO markets, commission-free trading on the leading local exchanges in the most important growth countries France, Spain, Portugal and Italy as well as in Sweden and Denmark, flat handling fees and market-leading fx rates. Commission-free trading for DEGIRO customers will start already on 22 November 2021. Other changes are expected to take effect on 21 December 2021.

The Management Board expects these changes to result in a further significant acceleration of customer and transaction growth. At the same time, management expects an overall increase in profitability driven by the adjustment of alternative revenue streams. None of the measures include any payments for order flow (PFOF).

Based on these assumptions, the Management Board expects an annual Adjusted EBITDA increase of a mid double-digit million EUR amount starting in 2022.

Contact:

Achim Schreck
Head of IR & Corporate Communications
flatexDEGIRO AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main
Tel. +49 (0) 69 450001 0
achim.schreck@flatexdegiro.com

Disclaimer

This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by flatexDEGIRO AG may substantially differ from these forward-looking statements. flatexDEGIRO assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.


18-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: flatexDEGIRO AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: ir@flatexdegiro.com
Internet: www.flatexdegiro.com
ISIN: DE000FTG1111
WKN: FTG111
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1250297

 
End of Announcement DGAP News Service

1250297  18-Nov-2021 CET/CEST

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ę EQS 2021
All news about FLATEXDEGIRO AG
01/17FLATEXDEGIRO AG : Notification and public disclosure of transactions by persons
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01/13FLATEXDEGIRO : Buy rating from Warburg Research
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01/12FLATEXDEGIRO : Gets a Buy rating from Berenberg
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01/11FLATEXDEGIRO AG : Notification and public disclosure of transactions by persons
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Financials
Sales 2021 424 M 479 M 479 M
Net income 2021 63,5 M 71,8 M 71,8 M
Net cash 2021 363 M 410 M 410 M
P/E ratio 2021 27,4x
Yield 2021 -
Capitalization 2 130 M 2 415 M 2 408 M
EV / Sales 2021 4,17x
EV / Sales 2022 3,34x
Nbr of Employees 1 085
Free-Float 48,6%
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Last Close Price 19,40 €
Average target price 33,46 €
Spread / Average Target 72,5%
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Frank Niehage Chairman-Management Board
Muhamad Said Chahrour Chief Financial Officer
Martin Korbmacher Chairman-Supervisory Board
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Herbert Seuling Member-Supervisory Board
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