Flow Traders : Very strong 1Q21 leads us to raise 2021 NTI by 3% and EBITDA by 11%
>FLOW reports another strong set of results, beating consensus by 28% - FLOW reported a strong set of 1Q21 results. NTI came in at €142.2m, 28% ahead of consensus and 9% ahead of our estimate. EBITDA came in at €79.3m, almost 50% ahead of consensus and 20% ahead of our estimate. US NTI was especially strong, beating consensus by 83% and our estimate by 96%, driven by the strong performance in equity ETPs. US revenue capture amounted to 2.05 bps, compared with consensu...Flow Traders Cooperatief UA is a global technology-enabled liquidity provider, which specializes in Exchange Traded Products (ETPs). As a technology company operating in a financial services industry, Co. uses its proprietary technology platform to quote, bid and ask prices in thousands of ETP listings, as well as similar financial products. Co. also provides liquidity to institutional counterparties off-exchange across all regions. Liquidity provision makes markets more efficient and transparent, promoting better execution quality and lower overall trading costs for market participants.
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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