Report
Flow Traders : Q3 2023 will be another reality check; NTI of € 54.6m and norm. EBITDA margin of 14.1%
>Setting expectations low, but in-line with the broader ETP market - FLOW is set to come out with Q3 2023 figures on 26 of October, before the bell. For the past quarter we forecast NTI of € 54.6m, implying an acceleration of 10.3% QoQ however down by more than 51% YoY. Needless to say, our expectations are low vs recent performance of FLOW, however it is in-line with the broader ETP market which is clearly underperforming. For Q3 2023 we forecast volumes of € 334.6bn...
Underlying
FLOW TRADERS LTD
Provider
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.
Julian Dobrovolschi
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