Flatexdegiro SE (FRA:FTK)

Preliminary Q2 2026 flatexDEGIRO SE Earnings Call Transcript

Jul 23, 2026 / 08:00 AM GMT

Release Date Price: €36.18 (-4.13%)

Transcript

Key Points

Positve

Flatexdegiro SE (FNNTF) reported a 55% increase in net income for Q2 2026, reaching EUR 61 million, showcasing strong financial performance.
The company experienced a 20% increase in the number of trades, benefiting from volatile market conditions and structural customer growth.
Customer assets under custody surpassed EUR 100 billion for the first time, driven by strong net inflows and positive market performance.
Operating expenses declined slightly during the quarter, demonstrating effective cost management while achieving significant revenue growth.
Flatexdegiro SE (FNNTF) increased its full-year guidance for net income to up to EUR 230 million, reflecting confidence in continued strong performance.

Negative

Net cash inflows in Q2 2026 were EUR 2.0 billion, below the exceptionally high level of EUR 2.5 billion in Q2 2025, indicating a potential slowdown.
The company faces intensified competition in the German market, which could impact customer acquisition and pricing strategies.
There is uncertainty regarding the impact of the German pension reform on short-term profitability, as the contribution to revenues is expected to be minor initially.
Flatexdegiro SE (FNNTF) acknowledged challenges in communicating the benefits of securities lending to customers, which may affect the growth of this revenue stream.
The company noted that market volatility could impact trading activity, which is a key driver of their business model, posing a risk to future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FTKn.DE - flatexDEGIRO SE
Preliminary Q2 2026 flatexDEGIRO SE Earnings Call
Jul 23, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone, and welcome to FluTech's Analyst Call, Second Quarter 2026 Conference. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question-and-answer session. If you would like to ask a question, please press star followed by one on your telephone keypad.

Thank you. I'd now like to hand the call over to Achim Schregg, Head of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone, and many thanks for dialing in and a warm welcome to our analyst call relating to

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