Brief: FlatexDegiro FY Net Income Up At EUR 106 Mln

flatexDEGIRO SE

27/02/2023 17:07

Feb 27 (Reuters) - FLATEXDEGIRO AG  FTKn.DE :
    * FLATEXDEGIRO CONTINUES PROFITABLE GROWTH IN CHALLENGING
ENVIRONMENT
    * FOR 2023 BASELINE SCENARIO, MANAGEMENT ASSUMES THAT
TRADING
ACTIVITY OF RETAIL INVESTORS WILL REMAIN AT LEVEL SEEN IN SECOND
TO FOURTH QUARTERS OF 2022
    * POTENTIAL TO INCREASE ADJUSTED SALES SLIGHTLY IN 2023
    * OUTLOOK 2023: TO ACHIEVE AN ADJUSTED EBITDA MARGIN OF OVER
40
PERCENT AND AN ADJUSTED EBT MARGIN OF OVER 30 PERCENT
    * NET INCOME OF EUR 106 MILLION (PREVIOUS YEAR: EUR 52
MILLION)
    * BEYOND 2023, MANAGEMENT WILL CONTINUE TO DRIVE STRATEGIC
INCREASE IN PROFITABILITY THROUGH TARGETED EXPANSION OF CUSTOMER
OFFERING AND STRICT COST DISCIPLINE

Further company coverage:  FTKn.DE 

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