Brief: Flow Traders Q1 EBITDA At 79.3 Million Euros With 56% Margin

Flow Traders

20/04/2021 06:40

April 20 (Reuters) - Flow Traders NV  FLOW.AS :
    * FLOW TRADERS Q1 21 TRADING UPDATE
    * Q1 21 EBITDA REACHED EUR 79.3M WITH A MARGIN OF 56%
    * Q121 NET PROFIT AMOUNTED TO EUR 61.6M WITH BASIC EPS OF
EUR 1.39
    * TOTAL OPERATING EXPENSES OF EUR 63.0M INCURRED IN Q121
WHICH
INCLUDES EUR 0.7M OF ONE-OFF COVID-19 AND BUSINESS CONTINUITY
PLAN-RELATED EXPENSES
    * NTI OF EUR 142.2M IN Q1 21 VERSUS NTI OF EUR 130.3M IN Q4
20 AND
EUR 495.0M IN Q120
    * LOOKING AHEAD TO END OF Q2, WE WILL FINALLY SEE NEW
IFR/IFD
PRUDENTIAL REGIME APPLY TO FLOW TRADERS-CEO
    * OUR ASSESSMENT OF IMPACT REMAINS SAME IN THAT OUR CAPITAL
REQUIREMENTS SHOULD BE MARKEDLY LOWER - CEO
    * IT IS STILL ENVISAGED THAT THIS CAPITAL RELIEF WILL BE
PARTIALLY
OFFSET BY GROWTHBUSINESS ACTIVITIES-CEO
    * ANNOUNCES THAT IT WILL REPURCHASE SHARES FOR A TOTAL
AGGREGATE
CONSIDERATION OF UP TO EUR 20M IN CONNECTION WITH ITS EMPLOYEE
INCENTIVE PLANS AND TO MINIMISE SHAREHOLDER DILUTION
    * SHARE REPURCHASES WILL COMMENCE ON 20 APRIL 2021 FOR A
PERIOD OF
12 MONTHS


Source text for Eikon:  ID:nGNErZsrs 
Further company coverage:  FLOW.AS 

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