FlatexDEGIRO : FY 2022 – solid results in a difficult market environment
>Adjusted EBITDA and margin expectations beat / continued customer growth expected for 2023 - FlatexDEGIRO, has announced its preliminary figures for the full year 2022 after market closure, with revenues falling by -2.6% y-o-y to € 407m (vs Cons / € 386m and ODDO BHF/ € 401m). Negative market sentiment affected trading activity in 2022, which led to lower commission income. Adjusted for the reversal of provisions for long-term variable compensation, revenues amounte...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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