Brief: Flow Traders Q1 Normalized EBITDA At 72.2 Million Euros

Flow Traders

22/04/2022 06:40

April 22 (Reuters) - Flow Traders NV  FLOW.AS :
    * FLOW TRADERS Q122 TRADING UPDATE
    * NORMALIZED EBITDA IN Q122 REACHED €72.2M REPRESENTING A
MARGIN
OF 49% COMPARED TO NORMALIZED EBITDA IN Q421 OF €32.6M WITH A
MARGIN OF 41%
    * FLOW TRADERS NTI INCREASED TO EUR 148.0M IN Q122
    * Q122 NORMALIZED NET PROFIT AMOUNTED TO EUR 54.0M WITH
NORMALIZED
BASIC EPS OF EUR 1.24
    * REGULATORY OWN FUNDS REQUIREMENT (OFR) AS AT 31 MARCH 2022
WAS
EUR 365M, RESULTING IN EXCESS CAPITAL OF EUR 175M AS AT 31 MARCH
2022
    * Q122 NORMALIZED NET PROFIT AMOUNTED TO EUR 54.0M WITH
NORMALIZED
BASIC EPS OF EUR 1.24
    * IT HAS BEEN NECESSARY TO SHIFT TOTAL COMPENSATION MIX OF
CERTAIN
EMPLOYEE GROUPS TOWARDS A GREATER FIXED COMPONENT
    * TARGETED BASE COMPENSATION INCREASES HAVE BEEN IMPLEMENTED
    * Q1 DID SEE CERTAIN ONE-OFF STRATEGY RELATED COSTS BEING
INCURRED, WHICH ARE EXPECTED TO DELIVER MEANINGFUL BENEFITS
GOING FORWARD
    * COVID BUSINESS CONTINUITY PLAN-RELATED EXPENSES WERE
RECLASSIFIED INTO OPERATIONAL EXPENSES FROM START OF 2022
    * FLOW TRADERS CONTINUES TO BE FOCUSED ON COST DISCIPLINE
PARTICULARLY WITH REFERENCE TO MAXIMUM GROWTH IN FIXED OPERATING
EXPENSES OF C. 15% FOR THIS YEAR
    * WE WERE SUCCESSFULLY ABLE TO NAVIGATE VARIOUS MARKET
ISSUES THAT
AROSE UPON START OF UKRAINE CONFLICT -CTO

Source text for Eikon:  ID:nGNE2lY4H 
Further company coverage:  FLOW.AS 

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