Flow Traders shares hit near 2-year high on 'blowout' quarter

Flow Traders

13/02/2025 08:56

** Shares in Flow Traders  FLOW.AS  jump more than 8% after
the Dutch financial technology posted "blowout" Q4 results way
ahead of expectations
    ** Q4 EBITDA of 82.1 million euros ($85.51 million) was
largely ahead of consensus of 52.2 million, cited by ING
    ** Q4 net trading income of 153.8 million came 32% ahead of
consensus, while Q4 net result rose almost tenfold to 63.2
million 
    ** "Blowout quarter once again," says KBC Securities, adding
it was not expecting anything close to this result
    ** "The quarter once again underlines the volatile nature of
Flow Traders, but equally that when things go right, they can go
right in a very major way," KBC adds
    ** Share price hits its highest since mid-April 2023
    ** Stock tracks its best day since early August 2024, if
gains hold


($1 = 0.9602 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))