Flow Traders plummets as analysts flag Q4 profit, dividend miss

Flow Traders

10/02/2022 09:47

** Shares in Dutch trading services provider Flow Traders
 FLOW.AS  slump over 11%, with analysts pointing to
lower-than-expected fourth-quarter results and dividend
    ** Flow Traders reported on Thursday full-year net profit of
 16 million euros, below company-compiled consensus of 21.3
million cited by KBC Securities  urn:newsml:reuters.com:*:nL8N2UK7JD
    ** In Q4, Flow Traders' top line comes in slightly under
expectations, KBC Securities notes, adding that higher variable
remuneration results in a significant bottom-line gap
    ** "Weak Americas weighs on fourth-quarter results", KBC
says, but adds that it does not see the Americas result as a
structural issue for now and hopes to see some improvement on
this end by the first quarter
    ** Jefferies flags a "disappointing" dividend while ING says
that its payout ratio of 51% is lower than a normal 65-70%
pay-out
    ** Flow Traders shares are heading for their worst day in
over 3 months

 (Reporting by Anait Miridzhanian)
 ((anait.miridzhanian@thomsonreuters.com))