Ad-Hoc-News/ Frankfurt am Main, 11. December 2017
FinTech Group AG Announces 2018 Guidance, Confirms 2017 Guidance
Frankfurt, Germany. Dec. 11, 2017 - The executive board of FinTech Group AG expects
revenues of EUR 120 million and a net profit of EUR 24 million in 2018. Earnings before taxes, interest, depreciation and amortization (EBITDA) are expected to reach EUR 40 million in 2018. As for 2017, the executive board confirms again its guidance: as a result of a strong second half-year, revenues are expected to exceed EUR 100 million and the net profit to exceed EUR 16.8 million.
Effective: 11.12.2017 | Page 1 of 2 |
Media Contact Roman Keßler
Head of Communications +49 (0) 69 45000 11 700
Roman.Kessler@fintechgroup.comwww.fintechgroup.com
About FinTech Group AG
FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) is a modern smart bank: We offer innovative financial technology, our own core banking system, and a regulatory liability umbrella.
Our cash cow is retail broker flatex which, through our advanced technology, can offer top-quality service at an affordable price. This makes flatex the fastest growing trading platform in Europe. Our smart technology is easy to scale, so we also successfully offer it to B2B customers. We provide vital services for many well-known institutions and even state infrastructure. We help start-ups and disruptive business ideas that require a banking license to rapidly become a success through our white label banking.
In a time of bank consolidation, low interest rates, and digitization we are ideally positioned for further growth.
Our goal is to become Europe's leading provider of financial technology.
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 expec-tations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by FinTech Group AG may substantially differ from these forward-looking statements. FinTech Group assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.
Effective: 11.10.2017 | Page 2 of 2 |
FinTech Group AG published this content on 11 December 2017 and is solely responsible for the information contained herein.
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