DGAP-Adhoc: ​​​​​​​flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability

2021. november 18., csütörtök, 14:36





DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Miscellaneous


​​​​​​​flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability


18-Nov-2021 / 14:36 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.




flatexDEGIRO improves pricing structure at DEGIRO, including commission-free trading on US and local exchanges, to accelerate growth and profitability



The Management Board has today decided to make significant changes to the price structure at DEGIRO, it"s leading European online brokerage brand. Price changes include commission-free US trading in all DEGIRO markets, commission-free trading on the leading local exchanges in the most important growth countries France, Spain, Portugal and Italy as well as in Sweden and Denmark, flat handling fees and market-leading fx rates. Commission-free trading for DEGIRO customers will start already on 22 November 2021. Other changes are expected to take effect on 21 December 2021.



The Management Board expects these changes to result in a further significant acceleration of customer and transaction growth. At the same time, management expects an overall increase in profitability driven by the adjustment of alternative revenue streams. None of the measures include any payments for order flow (PFOF).



Based on these assumptions, the Management Board expects an annual Adjusted EBITDA increase of a mid double-digit million EUR amount starting in 2022.



Contact:



Achim Schreck

Head of IR & Corporate Communications

flatexDEGIRO AG

Rotfeder-Ring 7

D-60327 Frankfurt/Main

Tel. +49 (0) 69 450001 0

achim.schreck@flatexdegiro.com



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.











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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: 1250297





 
End of Announcement DGAP News Service




1250297  18-Nov-2021 CET/CEST







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