Report
Julian Dobrovolschi

Flow Traders : Q2 2022 on 22 July, NTI of € 91.5m and EBITDA margin of 36.7%

>Q2 2022 consensus NTI looks undemanding - Yesterday morning (19 July) FLOW distributed its Q2 compiled consensus. For Q2, consensus forecasts NTI of € 91.5m, EBITDA margin of 36.7% (41.2% normalised), and EPS of € 0.54. Our forecasts for the quarter are slightly above consensus figures: we explain why on the next page. However, in short, we believe the NTI consensus figure looks undemanding. In terms of volumes, we are bang in line with consensus at € 425bn in ETP va...
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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