FlatexDEGIRO : Q3 revenue in line and EBITDA -5.6% below consensus estimates
>Top line driven by both commission and interest income - Q3 revenue increased by 10.0% y-o-y to € 111.7m which is in line with consensus expectations of € 110.9m. Key drivers were growth in commission and interest income. Commission income increased by 8.8% y-o-y to € 64.1m driven by a 7.5% y-o-y increase in transactions executed and a 1.3% increase in the average commission per trade. Interest income increased by 15.1% y-o-y to € 44.1m, which is +3.5% above the cons...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.