2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Change in Forecast/Quarter Results Frankfurt/Main, 15 April 2021 flatexDEGIRO raises significantly its forecast for the current fiscal year after an outstanding Q1 2021 flatexDEGIRO added over 360,000 new customers in the first quarter of 2021, growing by 29 percent compared to the beginning of the year to 1.6 million customers. Compared to Q1 2020, the number of transactions settled in the first three months increased by 94 percent to 33.6 million (Q1 2020: 17.3 million). Quarterly revenues increased by 176 percent year-on-year to 134.9 million euros (Q1 2020: 48.9 million euros). Adjusted EBITDA reached 73.1 million euros (Q1 2020: 23.7 million euros), an increase of 208 percent. Due to this outstanding development and the expectation of a dynamic continuation of new customer growth based on the strong first weeks of April, the Management of flatexDEGIRO AG today decided again to raise its growth expectation for the current fiscal year significantly. Management now expects customer growth of 750,000 to 950,000 new customers for the full year 2021 and thus an expansion of the customer base to 2.0 to 2.2 million customers by year-end (previous expectation: 1.8 to 2.0 million customers). The number of transactions settled in 2021 is expected to be in a range of 90 to 110 million (previous expectation: 75 to 90 million). The expected accelerated growth is assumed to have a significant positive impact on revenues, earnings, and free cash flow in 2021 and subsequent years. Based on these developments, flatexDEGIRO is bringing forward the publication of the Group Interim Management Statement for the first quarter of 2021, which was scheduled for 20 April 2021, to Friday, 16 April 2021.
Disclaimer
15-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1185231 |
| End of Announcement | DGAP News Service |
|
|
1185231 15-Apr-2021 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
