Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. FlatexDEGIRO AG
  6. News
  7. Summary
    FTK   DE000FTG1111

FLATEXDEGIRO AG

(FTK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: flatexDEGIRO grows faster than -2-

04/16/2021 | 01:02am EDT

Basis of presentation

All information and figures contained in the Interim Group Statement of flatexDEGIRO AG (herein either "flatexDEGIRO", "Company" or "Group") relate to the reporting date of 31 March 2021 or the three-month period from 1 January 2021 to 31 March 2021. The personal pronouns "we", "us" or "our" used in this Interim Group Statement refer to flatexDEGIRO with its subsidiaries.

Comparability of information / pro forma information

On 30 July 2020, flatex completed the acquisition of DeGiro B.V. (DEGIRO). DEGIRO was consolidated in the Group as of 1 August 2020. The first-time inclusion of DEGIRO in the Group's figures has a material impact on comparability with information provided prior to the acquisition.

To enable a better understanding of the underlying operational developments, flatexDEGIRO reports pro forma figures for all key performance indicators. These are marked as "pro forma" in the Interim Group Statement and do not correspond to IFRS accounting.

The pro forma information is for illustrative purposes only.

The Adjusted EBITDA figures are presented net of personnel expense for long-term variable compensation (see also Note 33 in the Annual Report 2020).

Forward-looking statements

This Interim Group Statement may contain forward-looking statements, which can be identified by formulations such as "expect", "want", "anticipate", "intend", "plan", "believe", "aim", "estimate", "will" or similar expressions. Such forward-looking statements are based on current expectations and certain assumptions that may be subject to a number of risks and uncertainties. The results actually achieved by flatexDEGIRO may differ materially from these forward-looking statements. flatexDEGIRO assumes no obligation to update these forward-looking statements after publication or to revise them in the event of developments that differ from those anticipated.

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

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 1.25 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 only low volatility. ^[1] as of 15 April 2021 ----------------------------------------------------------------------------------------------------------------------- Additional features: File: flatexDEGIRO Group Interim Management Statement Q1 2021 -----------------------------------------------------------------------------------------------------------------------

2021-04-16 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. 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:  1185478 
 
End of News   DGAP News Service 
=------------ 

1185478 2021-04-16

(END) Dow Jones Newswires

April 16, 2021 01:01 ET (05:01 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
FLATEXDEGIRO AG 3.61% 106.3 Delayed Quote.67.40%
SDAX 0.89% 16401.63 Delayed Quote.11.09%
SDAX PERFORMANCE INDEX 9:00-20:00 0.72% 16354.35 Delayed Quote.10.77%
All news about FLATEXDEGIRO AG
06/11FLATEXDEGIRO AG : Release according to Article 40, Section 1 of the WpHG [the Ge..
EQ
06/08DGAP-PVR  : flatexDEGIRO AG: Release according to Article 40, Section 1 of the W..
DJ
05/31FLATEXDEGIRO AG : Release according to Article 41 of the WpHG [the German Securi..
EQ
05/27DGAP-PVR : flatexDEGIRO AG: Release according to Article 40, Section 1 of the Wp..
DJ
05/27FLATEXDEGIRO AG : Release according to Article 40, Section 1 of the WpHG [the Ge..
EQ
05/27FLATEXDEGIRO  : Hauck & Aufhauser reiterates its Buy rating
MD
05/27TODAY'S ANALYST RECOMMENDATIONS : Amazon, Best Buy, Cisco, Foot Locker, Nordstro..
05/27FLATEXDEGIRO  : Berenberg gives a Buy rating
MD
05/26FLATEXDEGIRO  : Receives a Buy rating from Warburg Research
MD
05/26FLATEXDEGIRO  : Goldman Sachs remains its Buy rating
MD
More news
Financials
Sales 2021 474 M 574 M 574 M
Net income 2021 142 M 172 M 172 M
Net cash 2021 244 M 295 M 295 M
P/E ratio 2021 20,4x
Yield 2021 -
Capitalization 2 899 M 3 507 M 3 510 M
EV / Sales 2021 5,60x
EV / Sales 2022 4,64x
Nbr of Employees 971
Free-Float 52,8%
Chart FLATEXDEGIRO AG
Duration : Period :
flatexDEGIRO AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FLATEXDEGIRO AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 148,14 €
Last Close Price 106,30 €
Spread / Highest target 59,9%
Spread / Average Target 39,4%
Spread / Lowest Target 12,9%
EPS Revisions
Managers and Directors
NameTitle
Frank Niehage Chairman-Management Board
Muhamad Said Chahrour Chief Financial Officer
Martin Korbmacher Chairman-Supervisory Board
Stefan Müller Deputy Chairman-Supervisory Board
Herbert Seuling Member-Supervisory Board
Sector and Competitors