Brief: Flow Traders Q2 Normalized Net Profit Amounts To EUR 26.1 Mln

Flow Traders

22/07/2022 06:43

July 22 (Reuters) - Flow Traders NV  FLOW.AS :
    * REG-FLOW TRADERS Q222 RESULTS
    * MARKET ETP VALUE TRADED DECREASED BY 9% QUARTER-ON-QUARTER
AND
INCREASED BY 66% H122 VERSUS H121
    * FLOW TRADERS ETP VALUE TRADED DECREASED BY 14%
QUARTER-ON-QUARTER AND INCREASED BY 46% H122 VERSUS H121
    * INTERIM FY22 DIVIDEND SET AT EUR 0.70 PER SHARE WITH AN
EX-DIVIDEND DATE ON 16 AUGUST 2022
    * Q222 NORMALIZED NET PROFIT AMOUNTED TO EUR 26.1M WITH
NORMALIZED
BASIC EPS OF EUR 0.60. H122 NET PROFIT AMOUNTED TO EUR 82.1M
WITH BASIC EPS OF EUR 1.88
    * REGULATORY OWN FUNDS REQUIREMENT (OFR) AS AT 30 JUNE 2022
WAS
EUR 312M, RESULTING IN EXCESS CAPITAL OF EUR 203M AS AT 30 JUNE
2022
    * ANNOUNCES NEW SHARE BUYBACK PROGRAM OF UP TO EUR 25M
    * Q2 EBITDA EUR 36.5 MILLION MILLION VERSUS EUR 40.3 MILLION
YEAR
AGO
    * GROWTH IN FIXED OPERATING EXPENSES (EXCLUDING ONE-OFF
EXPENSES)
IN 2022 IS NOW EXPECTED TO BE APPROXIMATELY 25%
    * Q2 SAW FURTHER ONE-OFF STRATEGY RELATED COSTS BEING
INCURRED,
WHICH ARE AGAIN EXPECTED TO DELIVER MEANINGFUL BENEFITS GOING
FORWARD
    * ANNOUNCES A SHARE BUYBACK PROGRAM FOR A TOTAL AGGREGATE
CONSIDERATION OF UP TO EUR 25M OVER A PERIOD OF 12 MONTHS FROM
START OF FORTHCOMING OPEN PERIOD

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

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