Investor Thesis

From a hidden champion in Germany to the leading online broker in Europe

flatexDEGIRO operates one of the leading and fastest growing online brokerage businesses in Europe, executing more than 60 million paperless securities transactions per annum. More than 1 million B2C customers are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-house state-of-the-art technology.

With flatex’s acquisition of DEGIRO in July 2020 flatexDEGIRO became one of the largest online brokers in Europe with more than 1.2 million customers and 70 million securities transactions estimated for 2020. In a time of bank consolidation, low interest rates and digitalization, flatexDEGIRO is thus ideally positioned for further growth. Until 2025 at the latest, we aim to win over 3 million customers and execute at least 100 million transactions per year.

Corporate Presentation Download (PDF/1,8 MB) ↓

Key Performance Indicators flatexDEGIRO

Operating business 1st HY 2020 2019 2018 2017 2016
Transactions executed 13,119,461 12,274,525 12,483,344 11,272,496 10,462,477
Number of customers 424,036 368,133 290,288 253,825 212,040
Transactions per customer/year 61.88 33.34 43.00 44.41 49.34
Customer assets under management EUR m 13,634 14,586 10,995 11,794 10,855
Financials 1st HY 2020 2019 2018 2017 2016
Revenues EUR k 99,778 131,952 125,100 107,014 95,021
EBITDA EUR k 42,701 37,580 42,368 32,073 30,624
EBIT EUR k 35,773 24,751 30,618 26,484 25,465
Net income EUR k 22,374 14,908 17,474 16,796 12,316
Earnings per share (undiluted) EUR 1.14 0.77 0.98 1.00 0.73
Equity EUR k 204,383 182,202 163,656 112,724 90,629
Total assets EUR k 1,780,163 1,265,962 1,224,168 1,107,433 1,533,994
Equity ratio in % 11.5 14.4 13.4 10.2 5.9
Cash flow from operating activities before changes from banking activities TEUR 52,074 49,427 17,536 23,729 15,543
Cost-income ratio in % 47.9 59.9 52.0 58.5 67.8
Employees (average) 544 527 497 453 448

Contact

Achim Schreck
Head of IR and Corporate Communications
Rotfeder-Ring 7
60327 Frankfurt, Germany
Mobile +49 160 92774570
achim.schreck@flatexdegiro.com