Report
Martin Marandon-Carlhian

FlatexDEGIRO : Guidance 2022 abaissée et des questions sur la gouvernance. Neutre vs Surperformance

>Guidance 2022 revue à la baisse, 11% en dessous des attentes - Samedi, flatexDEGIRO a abaissé sa guidance 2022, en anticipant désormais : 1/ un CA de 380 M€ (+/- 2%) (vs 400 M€ précédemment) et 2/ une marge d’EBITDA ajustée de 37% (+/-1%) (vs en ligne avec 2021 précédemment, soit ~42%), soit un EBITDA ajusté de 141 M€. Le consensus visait respectivement un CA et un EBITDA ajusté de 399 M€ et 159 M€. La nouvelle guidance ressort ainsi 11% en-dessous des attentes au n...
Underlying
FlatexDEGIRO AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martin Marandon-Carlhian

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