Brief: Flow Traders Q4 Normalized EBITDA At 32.6 Million Euros

Flow Traders

10/02/2022 09:23

Feb 10 (Reuters) - Flow Traders NV  FLOW.AS :
    * Q4 NET PROFIT 16 MILLION EUR
    * Q4 BASIC EARNINGS PER SHARE 0.37 EUR
    * IN ORDER TO ACCELERATE STRUCTURAL GROWTH IN CORE ETP
BUSINESS AS
WELL IN FIXED INCOME AND DIGITAL ASSETS, GUIDANCE REMAINS FOR A
MAXIMUM GROWTH IN FIXED OPERATING EXPENSES OF C. 15% FOR 2022.
FTES ARE EXPECTED TO GROW BY C. 10% IN 2022
    * TOTAL OPERATING EXPENSES OF EUR 55.4M INCURRED IN Q421,
WHICH
INCLUDED EUR 0.6M OF COVID-RELATED ONE-OFF EXPENSES
    * SUBSTANTIAL PROGRESS HAS BEEN MADE IN DETAILED AND
THOROUGH
REVIEW OF FLOW TRADERS' CAPITAL STRUCTURE AS ANNOUNCED AT TIME
OF PREVIOUS TRADING UPDATE AND FLOW TRADERS WILL REMAIN FOCUSED
ON ALL ARISING OPPORTUNITIES TO CREATE SHAREHOLDER VALUE THROUGH
SYSTEMATIC CAPITAL MANAGEMENT GOING FORWARD
    * FLOW TRADERS NTI INCREASED TO EUR 80.3M IN Q421
    * 613 FTES AS AT 31 DECEMBER 2021 COMPARED TO 603 AS AT 30
SEPTEMBER 2021 AND 554 AS AT 31 DECEMBER 2020
    * Q421 NORMALIZED EBITDA REACHED EUR 32.6M WITH A MARGIN OF
41%
CONTRIBUTING TO FY21 NORMALIZED EBITDA OF EUR 175.3M WITH A
MARGIN OF 46
    * REMAINING COGNISANT OF OUR TRADING CAPITAL POSITION AS
WELL AS
GROWTH OPPORTUNITIES AHEAD, WE HAVE ELECTED TO PAY A EUR 0.35
PERSHARE FINAL DIVIDEND TO SHAREHOLDERS
    * FY21 NET PROFIT AMOUNTED TO EUR 114.9M WITH BASIC EPS OF
EUR
2.63
    * REGULATORY OWN FUNDS REQUIREMENT (OFR) AS AT 31 DECEMBER
2021
WAS EUR 243M, RESULTING IN EXCESS CAPITAL OF EUR 240M AS AT 31
DECEMBER 2021
    * WE ARE CURRENTLY WORKING TO EXPAND OUR FIXED INCOME
BUSINESS IN
APAC AND NATURALLY EXPECT EVEN GREATER CONTRIBUTIONS FROM ALL
OUR NON-ETP MARKET MAKING ACTIVITIES THROUGHOUT COURSE OF
2022-CHIEF TRADING OFFICER
    * OUR GUIDANCE REMAINS SAME AS LAST YEAR AS WE FURTHER
INVEST IN
BUSINESS IN 2022 AND WE MAINTAIN FULLY COMMITTED TO FIRM COST
CONTROL IRRESPECTIVE OF OUR MULTI-YEAR GROWTH AGENDA

Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbTG7Xz
Further company coverage:  FLOW.AS 

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