FRANKFURT (dpa-AFX) - After another double-digit growth in the third quarter, the online broker Flatexdegiro is somewhat more optimistic about the current year - at least in terms of turnover. The forecast for earnings has been raised slightly. CEO Oliver Behrens confirmed the profit target on Tuesday when presenting the figures for the third quarter. Turnover is now expected to increase by just over 15 percent in 2024, slightly above the original target. The SDax-listed company continues to expect an increase in profit of up to 50 percent.
In the three months to the end of September, turnover increased by a good ten percent year-on-year to 112 million euros. Consolidated profit rose by just over a fifth to just under 25 million euros. The increase in revenue was in line with expert expectations, while Flatexdegiro's profit fell slightly short of the average analyst forecast. In an initial reaction to the figures on the Tradegate trading platform, the share, which had recently performed well, fell compared to the Xetra close./zb/men