PRESS RELEASE : flatexDEGIRO AG ends record year beating management guidance

 
 DGAP-News: flatexDEGIRO AG / Key word(s): Interim Report/Forecast 
flatexDEGIRO AG ends record year beating management guidance 
 
2021-01-11 / 07:00 
The issuer is solely responsible for the content of this announcement. 
 
Corporate News / Frankfurt/Main, 11 January 2021 
 
flatexDEGIRO AG ends record year beating management guidance 
 
? flatexDEGIRO leads European retail online brokerage market with 75m 
settled transactions (pro forma) in 2020 (+140% versus 2019) 
 
? Customer base grown by over 50% to 1.25m (2019: 0.80 m, pro forma) 
 
? Expectation 2021: over 1.6m customers, 65-75m transactions 
 
? flatexDEGIRO full steam ahead on the way to deliver Vision 2025 
 
Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: 
FTK.GR), Europe's largest retail online broker, continues its strong growth 
path towards the company's Vision 2025. Sustainable customer growth and 
above average trading activity of investors made flatexDEGIRO the first 
European retail online broker to ever settle 75 million transactions. Group 
management is very confident to sustain significant customer growth in the 
coming years and to reach at least 3 million customers by 2025 at the 
latest. 
 
"In the fourth quarter 2020, we have continued to deliver an excellent 
operational performance while implementing further elements of our strategic 
roadmap to expand our position as Europe's leading online broker," says 
Frank Niehage, CEO of flatexDEGIRO. "The realization of synergies from the 
acquisition of DEGIRO and the launch of 'flatex-next' in Germany will enable 
us to further increase our financial and commercial power in the coming 
years. As the European market leader, we see ourselves perfectly on track to 
expand our leadership and to achieve our Vision 2025: more than 3 million 
customers and at least 100 million transactions per year - even in years of 
low volatility." 
 
At the end of 2020, the number of flatexDEGIRO customers amounted to 1.25 
million, an organic increase of 55.8 percent compared to 0.80 million 
brokerage customers reported in the previous year (pro forma). Driven by 
strong organic customer growth and above average trading activity per 
customer, the number of trades executed via flatexDEGIRO's platforms have 
skyrocketed to 75.0 million in 2020, the highest number ever achieved by a 
European retail online broker (2019: 31.4 million, pro forma). In the fourth 
quarter 2020, over 21 million trades have successfully been executed. 
 
"Market share gains in our international business, the new 'flatex-next' App 
in Germany and various secular trends in digitalization and investing all 
over Europe will drive significant customer growth in 2021. The capital 
market volatility continues to be at relatively high levels, positively 
impacting trading activity of our clients," says Muhamad Said Chahrour, CFO 
of flatexDEGIRO AG. "Based on these assumptions, we are very confident of 
growing our customer base to at least 1.6 million in 2021, executing 65 to 
75 million transactions per year." 
 
Underpinning its growth plans in Germany and Europe, flatexDEGIRO opened a 
new location in Hamburg at the beginning of 2021. The Group is strengthening 
its product management, marketing and banking center with highly experienced 
retail online brokerage experts. 
 
*Contact:* 
 
Achim Schreck Tel. [phone] 
Head of IR & Corporate Communications [e-mail] 
flatexDEGIRO AG 
Rotfeder-Ring 7 
D-60327 Frankfurt/Main 
 
*About flatexDEGIRO AG* 
 
flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates 
one of the leading and fastest growing online brokerage businesses in 
Europe, executing millions of paperless securities transactions per annum. 
B2C customers in 18 European countries are serviced via the flatex and 
DEGIRO brands and offered a wide range of independent products at 
competitive pricing, based on a modern, in-house state-of-the-art 
technology. 
 
With more than 1.2 million customers and 75 million securities transactions 
in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a 
time of bank consolidation, low interest rates and digitalization, the 
flatexDEGIRO Group is ideally positioned for further growth. Until 2025 at 
the latest, flatexDEGIRO aims to win over 3 million customers and execute at 
least 100 million transactions per year - even in years with low volatility. 
 
*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. 
 
2021-01-11 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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Archive at www.dgap.de 
Language:    English 
Company:     flatexDEGIRO AG 
             Rotfeder-Ring 7 
             60327 Frankfurt / Main 
             Germany 
Phone:       [phone] 
E-mail:      [e-mail] 
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: 1159526 
 
End of News DGAP News Service 
 
1159526 2021-01-11 
 
 

(END) Dow Jones Newswires

January 11, 2021 01:00 ET (06:00 GMT)