DGAP-Adhoc: flatexDEGIRO AG starts extremely successful into new year and raises significantly its guidance

2021. február 02., kedd, 15:36





DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Change in Forecast/Monthly Figures


flatexDEGIRO AG starts extremely successful into new year and raises significantly its guidance


02-Feb-2021 / 15:36 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Frankfurt/Main, 02. February 2021



flatexDEGIRO starts extremely successful into new year and raises significantly its guidance



Based on a record start with over 130,000 new customers and 11.4 million settled transactions in January, as well as a fundamentally positive expectation for the further course of the year, the Management of flatexDEGIRO has today decided to significantly raise its commercial guidance for 2021.



The management expects an increase of the customer base from 1.25m customers (as of 31 December 2020) to a range of 1.8 million to 2.0 million by the end of the year (previous guidance: over 1.6 million). The guidance for the expected number of settled transactions is increased from a range of 65 million to 75 million (previous guidance) to a range of 75 million to 90 million. In 2020, the company executed 75 million transactions (pro forma).



The expected accelerated growth will have a significant positive impact on revenues, earnings and free cash flow in 2021 and subsequent years.



Contact:


Achim Schreck

Head of IR & Corporate Communications

flatexDEGIRO AG


Tel. +49 (0) 69 450001 0

achim.schreck@flatexdegiro.com


Rotfeder-Ring 7

D-60327 Frankfurt/Main


Disclaimer


This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by flatexDEGIRO AG may substantially differ from these forward-looking statements. flatexDEGIRO assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.






Contact:

Achim Schreck

Head of IR & Corporate Communications

flatex AG

Rotfeder-Ring 7

D-60327 Frankfurt/Main

+49 (0) 69 450001 1700

achim.schreck@flatex.com








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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: 1165171





 
End of Announcement DGAP News Service




1165171  02-Feb-2021 CET/CEST







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