FLATEXDEGIRO AG flatexDEGIRO announces five-year-vision: up to 8m customers and 350m transactions, resulting in over EUR 1 bn of accumulated operating cash flow
Transparency directive : regulatory news
|
DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Change in Forecast flatexDEGIRO announces five-year-vision: up to 8m customers and 350m transactions, resulting in over EUR 1 bn of accumulated operating cash flow European online brokerage markets have shown and continue to show significant growth. Based on the ongoing acceleration of secular trends, the Management of flatexDEGIRO expects a significant widening of its addressable market in the medium-term. Recent capital inflows into the online brokerage sector across Europe are expected to further fuel market growth based on ever-increasing awareness of online brokerage. Due to these developments and expectations, the Management of flatexDEGIRO AG today decided to upgrade its medium-term growth ambition significantly and to announce a new 5-year-vision: flatexDEGIRO aims to service 7-8 million brokerage customers and to settle 250-350 million trades p.a. - even in years with low market volatility. The Management further expect to accumulate more than EUR 1 bn of operating cash flow over this five year period. The new forecast represents a significant upgrade compared with the vision previously communicated for the year 2025 ("Vision 2025"). Vision 2025 assumed customer growth to more than 3 million and a minimum number of settled transactions of 100 million p.a. The expected accelerated growth is assumed to have a significant positive impact on revenues, earnings, and free cash flow. Contact: Achim Schreck
Disclaimer
24-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | flatexDEGIRO AG |
| Rotfeder-Ring 7 | |
| 60327 Frankfurt / Main | |
| Germany | |
| Phone: | +49 (0) 69 450001 0 |
| E-mail: | ir@flatexdegiro.com |
| Internet: | www.flatexdegiro.com |
| ISIN: | DE000FTG1111 |
| WKN: | FTG111 |
| Indices: | SDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1199960 |
| End of Announcement | DGAP News Service |
|
|
1199960 24-May-2021 CET/CEST