Brief: Flow Traders Q4 Net Profit Down At 7.2 Million Euros

Flow Traders

07/02/2020 06:59

Feb 7 (Reuters) - Flow Traders NV  FLOW.AS :
    * FLOW TRADERS 4Q19 RESULTS
    * 4Q19 EBITDA MARGIN REACHED 25%, CONTRIBUTING TO A FY19
EBITDA
MARGIN OF 36%
    * 4Q19 NET PROFIT AMOUNTED TO EUR 7.2 MILLION, RESULTING IN
A FY19
NET PROFIT OF EUR 53.1 MILLION AND A FY19 EPS OF EUR 1.15
    * FLOW TRADERS PROPOSES A FINAL FY19 DIVIDEND OF EUR 0.55,
IMPLYING A EUR 0.90 TOTAL DIVIDEND FOR FY19 AND A 78% DIVIDEND
PAY-OUT RATIO
    * RECORDED NTI OF EUR 46.1 MILLION IN 4Q19 REFLECTING AN
OVERALL
SUBDUED MARKET ENVIRONMENT AND WEAKER THAN EXPECTED TRADING IN
US. FY19 NTI WAS EUR 216.4 MILLION
    * FOCUS FOR 2020 REMAINS ON ENLARGING ETP FOOTPRINT, TRADING
DIVERSIFICATION AND IMPROVING EFFICIENCY THROUGH DEDICATED TEAMS
    * ANNOUNCES SHARE BUYBACK PROGRAMME OF UP TO EUR 20 MILLION
OVER
12 MONTHS, GIVEN STRONG BALANCE SHEET AND EXCESS CAPITAL
POSITION
    * FLOW TRADERS NV UPDATED FIXED COST GUIDANCE OF MAXIMUM
GROWTH IN
FIXED OPERATING EXPENSES OF 10% FOR 2020
    * FY EBITDA EUR 78.9 MILLION VERSUS EUR 199.8 MILLION YEAR
AGO
    * FY NET TRADING INCOME EUR 216.4 MILLION VERSUS EUR 383.4
MILLION
YEAR AGO

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

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