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OFFON

WALLSTREET:ONLINE AG

(WSO1)
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PRESS RELEASE : wallstreet:online AG: Audited consolidated financial statements 2020 confirm strong and profitable growth

06/11/2021 | 09:38am BST
DGAP-News: wallstreet:online AG / Key word(s): Annual Results/Miscellaneous 
wallstreet:online AG: Audited consolidated financial statements 2020 confirm strong and profitable growth 
2021-06-11 / 10:36 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
wallstreet:online AG: Audited consolidated financial statements 2020 confirm strong and profitable growth 
- Consolidated sales revenues 2020 in the amount of EUR 28.2 million; consolidated net income for the year at EUR 3.6 
million 
- Company publishes for the first time consolidated financial statements against the backdrop of its sustained growth 
Berlin, 11 June 2021 
wallstreet:online AG (ISIN DE000A2GS609) has published its audited business figures for 2020. wallstreet:online AG 
publishes for the first time consolidated financial statements for the year 2020 on a voluntary basis against the 
backdrop of its sustained growth. Both the consolidated and the single-entity financial statements confirm the 
profitable growth during the past fiscal year. The company was able to more than double total sales revenues throughout 
the Group versus prior year. The value for fiscal 2020 is around EUR 28.2 million (preliminary press release of 25 
February 2021: EUR 28 million) after EUR 12.3 million a year before. The consolidated net income for the year added up 
to EUR 3.6 million during the past fiscal year. The operating EBITDA before new customer acquisition costs at the 
Smartbroker amounted to EUR 12.1 million (preliminary press release: EUR 11.9 million); after new customer acquisition 
costs of EUR 7.6 million it amounted to EUR 4.5 million. 
Sales revenues in the Social & Media business significantly increased 
The Social & Media business line includes the portals wallstreet-online.de, finanznachrichten.de, boersennews.de and 
ariva.de with the related websites, forums, communities and mobile apps. Moreover, the B2B media business is part of 
this segment. The user numbers and reach were increased during the past fiscal year until the end of the year by almost 
42 percent versus prior year, namely to 347 million page impressions. Higher reaches and the launch of innovative 
advertising formats results in a significant rise in segment revenues to EUR 26.9 million. 
Apart from the Social & Media segment, the Online Brokerage business was massively expanded following the success of 
the Smartbroker. Between the market launch on 19 December 2019 and 31 December 2020 more than 80,000 securities 
accounts were opened, so that the number of new customers was significantly above expectations. The transformation of 
the company into a modern, digital financial institution and online broker with integrated financial communities was 
successfully initiated during the reporting period and will also be a growth driver of the company in the long term. 
Smartbroker as a long-term growth driver 
wallstreet:online capital AG (WOC) was consolidated at equity in fiscal 2020. Based on the planned topping up of the 
shareholding of wallstreet:online AG in WOC to more than 95 percent, which is planned for the current fiscal year, 
subject to the approval of BaFin (Federal Financial Supervisory Authority), WOC will be fully consolidated from 2021 
onwards. 
Matthias Hach, CEO of wallstreet:online AG on the consolidated financial statements presented today: "In fiscal 2020 we 
recorded a strong growth, both organically and inorganically. With the combination of the Portal business on the one 
hand and the Online Brokerage on the other hand, we have created a unique business model, which works already perfectly 
well. During the coming months we will successively step up the Smartbroker offer, including, for instance, a 
smartphone app and trading in crypto currencies. Furthermore, we will implement a comprehensive revamping of our 
website and trading surface. I am convinced that we are very well positioned for this next stage - both in terms of 
staffing and finance." 
Against the backdrop of the constant growth course, the company anticipates a dynamic development for the current 
fiscal year as well. In fiscal 2021 wallstreet:online AG intends to increase its consolidated sales revenues of 2020 
once more considerably by almost 70 percent to EUR 45 to 50 million^[1]. The operating EBITDA before new customer 
acquisition costs is planned for the current fiscal year 2021 with EUR 16.5 to 18.5 million; after new customer 
acquisition costs in the amount of EUR 12.5 million, it will amount to EUR 4.0 to EUR 6.0 million. 
Smartbroker is to be developed into Germany's leading online broker 
Customer growth is likewise to continue to develop dynamically. The company currently anticipates a 50 percent rise 
versus prior year. According to the forecast, the Smartbroker is to grow to a total of 200,000 customers by the end of 
2021. The company's own online broker is already now, according to some industry portals, in terms of number of 
customers, the clear number two among the German neo-brokers. In this connection the high amount of more than EUR 6 
billion of assets under management compared to the competitors should be mentioned. 
The complete and audited financial statements and consolidated financial statements 2020 according to German GAAP (HGB) 
have been published on the website https://www.wallstreet-online.ag/websites/wallstreetonline/German/3100/ 
jahresberichte.html, where they are publicly accessible. 
About the wallstreet:online Group: 
The wallstreet:online Group operates the Smartbroker - a multiple award-winning online broker, which is the only 
provider in Germany to combine the extensive product range of traditional brokers with the extremely favourable 
conditions of neo-brokers and permits a free-of-charge access to the capital market. With more than 190,000 securities 
account holders and assets under management of more than EUR 6 billion, the Berlin-based financial services provider 
ranges already 18 months after the launch of the Smartbroker among the leading providers on the market. 
wallstreet:online AG (ISIN: DE000A2GS609) and its subsidiaries can rely on 20 years of experience in the sale of 
investment products; at the same time the company operates four high-reach stock market portals (wallstreet-online.de, 
boersenNews.de, FinanzNachrichten.de and ARIVA.de). With around 455 million page impressions (status 2/2021), the Group 
is the by far largest publisher-independent financial portal operator in German-speaking countries and at the same time 
the number one finance community. In the forums of wallstreet-online.de alone more than 500,000 users are registered. 
Press contact: 
Felix Rentzsch 
Press Spokesperson of the wallstreet:online Group 
Mobile: +49176 4165 0721 
Email: f.rentzsch@wallstreet-online.de 
URL: https://www.wallstreet-online.ag 
Financial press and Investor Relations: 
edicto GmbH 
Ralf Droz / Svenja Liebig 
Telephone: +49 69 905505 56 
wallstreet-online@edicto.de 
^[1]Assuming the full consolidation of wallstreet:online capital AG. The total shareholding of the company in 
wallstreet:online capital AG is to exceed the threshold of 95 percent in future. The acquisition of the shareholding is 
currently still subject to the reservation of the conduct of an ownership control procedure by BaFin in accordance with 
§ 2c German Banking Act. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-11 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      wallstreet:online AG 
              Seydelstraße 18 
              10117 Berlin 
              Germany 
Phone:        +49 (0) 30 2 04 56 382 
Fax:          +49 (0) 30 2 04 56 450 
E-mail:       m.bulgrin@wallstreet-online.de 
Internet:     www.wallstreet-online.de 
ISIN:         DE000A2GS609 
WKN:          A2GS60 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1206852 
 
End of News   DGAP News Service 
=------------ 

1206852 2021-06-11

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1206852&application_name=news 
 

(END) Dow Jones Newswires

June 11, 2021 04:37 ET (08:37 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.04% 33929.18 Delayed Quote.10.91%
WALLSTREET:ONLINE AG -1.92% 25.5 Delayed Quote.73.33%
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Financials
Sales 2021 51,9 M 61,8 M 44,3 M
Net income 2021 4,60 M 5,48 M 3,93 M
Net cash 2021 19,0 M 22,6 M 16,2 M
P/E ratio 2021 85,2x
Yield 2021 -
Capitalization 393 M 467 M 335 M
EV / Sales 2021 7,21x
EV / Sales 2022 5,70x
Nbr of Employees 42
Free-Float 39,3%
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Number of Analysts 4
Last Close Price 26,00 €
Average target price 31,75 €
Spread / Average Target 22,1%
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Managers and Directors
NameTitle
Matthias Hach Chairman-Management Board & CEO
Roland Nicklaus Vice Chairman-Management Board & CFO
André Kolbinger Chairman-Supervisory Board
Oliver Haugk Chief Technology Officer
René Krüger Member-Supervisory Board
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