Brief: Flow Traders Q2 Normalized EBITDA Down At 5 Million Euros

Flow Traders

28/07/2023 07:10

July 28 (Reuters) - Flow Traders Ltd  FLOW.AS :
    * RECORDED NORMALIZED TOTAL INCOME OF EUR 47.3 MLN IN Q223
    * INTERIM FY23 DIVIDEND SET AT EUR 0.30 PER SHARE WITH AN
EX-DIVIDEND DATE ON 15 AUGUST 2023
    * FLOW TRADERS' ETP VALUE TRADED DECLINED 26% Y/Y GIVEN
DECLINE IN
OVERALL MARKET TRADING ENVIRONMENT
    * Q223 NORMALIZED NET PROFIT AMOUNTED TO EUR 0.4 MLN, WITH
NORMALIZED BASIC EPS OF EUR 0.01
    * NORMALIZED OPERATING EXPENSES WERE AT EUR 42.3 MLN IN
Q223,
COMPARED TO EUR 49.7M IN Q222
    * NORMALIZED EBITDA IN Q223 CAME IN AT EUR 5.0 MLN, COMPARED
TO
EUR 36.5 MLN IN Q222
    * OUTLOOK 2023: EXPECT NORMALIZED FIXED OPERATING EXPENSES
TO BE
IN RANGE OF EUR 175M - 185M
    * OUTLOOK 2023: HEADCOUNT TO BE BROADLY FLAT FOR YEAR,
IN-LINE
WITH PREVIOUS GUIDANCE

Source text for Eikon:  ID:nGNE3G3Twg 
Further company coverage:  FLOW.AS 

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