Q1 2026 flatexDEGIRO SE Earnings Call Transcript
Key Points
- Flatexdegiro SE (WBO:FTK) experienced a 17% increase in settled trades, indicating strong trading activity despite market volatility.
- The company saw significant customer trust, with over EUR3 billion in fresh money deposited in Q1 2026.
- Crypto trading volumes increased five-fold year over year, showcasing successful geographic expansion.
- Flatexdegiro SE achieved its highest ever quarterly net income of EUR54 million, demonstrating strong scalability.
- The introduction of stock savings plans in Germany and Austria is expected to enhance long-term customer engagement and revenue.
- Marketing expenses increased substantially, with a EUR21 million spend not yielding the expected customer growth.
- The company faces tough year-over-year comparisons due to exceptional trading activity in the previous year.
- Interest income growth is challenged by a lower interest rate environment compared to the previous year.
- Customer acquisition costs have risen, with a lower number of new customers added compared to the previous year.
- The company anticipates continued marketing pressure across the industry, potentially impacting future growth.
Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the flatexDEGIRO analyst call Q1 2026. (Operator Instructions)
I would now like to turn the call over to Ahim Schreck. Please go ahead.
Good morning, everyone, and many thanks for dialing in. Warm welcome to our analyst call relating our Q1 2026 results, which we published yesterday evening post-market close. My name is Ahim Schreck, and I'm heading the IR team here at flatexDEGIRO. And with me today, as usual, we have our CEO, Oliver Behrens; as well as our CFO, Dr. Benon Janos, who will lead us through today's presentation. We also have with us in the room, Dr. Thomas Lindner, our Global Head of Finance; as well as, of course, my IR colleague, Laura Hecker.
As usual, we would like to provide a short run through the presentation before we open up for your questions.
And without any further ado, I'm very pleased to now
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