FlatexDEGIRO : Earnings Preview FY 2022 -Tough year for retail investors and FlatexDEGIRO
>Market sentiment affected trading frequency negatively - FlatexDEGIRO will publish its preliminary Q4 and FY 2022 numbers on Monday, 27 February, after market close. We expect the number of customers to increase by +23% y-o-y to 2.46m, i.e., +400k compared to FY 2021. Due to negative market sentiment in 2022 (because of the war in Ukraine and high inflation) we anticipate a decrease of -26% y-o-y in transactions executed to 67.4m. This would translate into a decrease...Flatex AG, formerly known as Fintech Group AG, is a Germany-based company engaged in the financial technology sector. The Company divides its business into two operational segments: Securities Trading and Financial Services (ST & FS) and Transaction Processing and White-Label Banking Services (TP & WLBS). The ST & FS segment includes online brokerage in the business-to-consumer (B2C) sector in Germany (on trading platforms such as flatex.de, vitrade.de) and Austria (flatex.at). The operations are conducted by the subsidiaries flatex GmbH and ViTrade GmbH. The TP & WLBS segment includes the business-to-business (B2B) activities of subsidiaries XCOM AG and FinTech Group Bank AG that focus on research and development in the area of financial technology and provide back-end execution of securities transactions for the Company's own platforms and for other banks, as well as offer business process outsourcing services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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