Report
Julian Dobrovolschi

Flow Traders : Lowering mid-term NTI by high single-digit and EBITDA by mid-10’s due to weaker volume expectations

>Q3 2022 results due 27 Oct, NTI of € 84.9m, EBITDA of € 27.9m - FLOW is set to report its Q3 2022 results on 27 October pre-market trading. We forecast Q3 2022 NTI of € 84.9m, implying a somewhat flat performance q-o-q, though up 26.6% y-o-y. ETP volumes most likely declined further by a mid-single-digit versus Q2 2022 (but up 16.1% y-o-y), which we believe is a good reflection of the general decline of the stock market. On the flip-side, revenue capture most likely ...
Underlying
Flow Traders NV

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.

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
Julian Dobrovolschi

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