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    FTK   DE000FTG1111

FLATEXDEGIRO AG

(FTK)
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flatexDEGIRO : Preliminary H1 2021 results Presentation

08/02/2021 | 06:02am EDT

Continued blowout growth

flatexDEGIRO AG | 02 August 2021

Best half-year ever

5

5

"The excellent operating performance fully confirms our forecasts and vision: flatexDEGIRO's enormous new

customer generation goes beyond plain seasonality and fluctuations in market volatility. With best-in-class products and services at most attractive prices, we are on our way to retailize online brokerage in Europe"

Frank Niehage, CEO

Major Events

  • flatex launches ETF and funds saving plans at zero fees
  • DeGiro B.V. merges with flatexDEGIRO Bank AG
  • ISS ESG rates flatexDEGIRO within the top 10% of peers
  • future European ETP partnerships & early and late trading all over Europe announced
  • AGM votes for the stock split (1:4), third quarter 2021
  • Preliminary H1 2021 results | 02 August 2021 | Page 2

Rapidly outgrowing all major peers

3x speed - on our way to become #1 in total customer base

5

  • Preliminary H1 2021 results | 02 August 2021 | Page 3

Demonstrating superior customer growth for 18 months straight

Delta of monthly customer growth rate of flatexDEGIRO vs. peers

Jan-20

Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

vs. Nordnet

vs. Avanza

vs. Fineco

source: company data

  • Preliminary H1 2021 results | 02 August 2021 | Page 4

Seasonal patterns impact short-term development..

Share of full year trades per month

Share of full year customer growth per month

(2016-2019)

9.7%

9.3%

8.6%

8.5%

13.2%

(2016-2019)*

10.4%

9.7%

9.0%

8.3%

8.3%

8.4%

8.4.3%

8.0%

8.2%

8.0%

7.8%

7.8%

7.3%

Jan Feb Mar

Apr May Jun Jul

Aug Sep

Oct Nov Dec

26% Q1

23% Q2

24% Q3

27% Q4

8.3%

7.6%

6.9%

6.3% 6.3%

5.6%

Jan Feb Mar

Apr May Jun

Jul Aug Sep

Oct Nov Dec

29% Q1

19% Q2

24% Q3

28% Q4

* flatex only

  • Preliminary H1 2021 results | 02 August 2021 | Page 5

Disclaimer

Flatex AG published this content on 01 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 10:01:07 UTC.


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Financials
Sales 2021 428 M 501 M 501 M
Net income 2021 85,7 M 100 M 100 M
Net cash 2021 205 M 240 M 240 M
P/E ratio 2021 25,0x
Yield 2021 -
Capitalization 2 148 M 2 521 M 2 514 M
EV / Sales 2021 4,54x
EV / Sales 2022 3,50x
Nbr of Employees 1 085
Free-Float 48,5%
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Consensus
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Mean consensus BUY
Number of Analysts 6
Last Close Price 19,58 €
Average target price 34,71 €
Spread / Average Target 77,3%
EPS Revisions
Managers and Directors
Frank Niehage Chairman-Management Board
Muhamad Said Chahrour Chief Financial Officer
Martin Korbmacher Chairman-Supervisory Board
Stefan MŘller Deputy Chairman-Supervisory Board
Herbert Seuling Member-Supervisory Board
Sector and Competitors