Preliminary Q2 2025 flatexDEGIRO AG Earnings Call Transcript
Key Points
- Flatex AG (FNNTF) achieved a record half-year performance in both top-line and bottom-line metrics, driven by higher market volatility.
- The company raised its full-year guidance, aiming for over €5 billion in revenues and a 15% to 25% increase in net income.
- Assets under custody reached a new record of over €83 billion, growing 37% year-on-year.
- The company successfully launched crypto trading in Germany and plans to expand it internationally, with promising initial results.
- Flatex AG (FNNTF) demonstrated strong cost management, reducing administrative expenses by 20% year-on-year and achieving a 28% increase in net income.
- The international rollout of crypto trading has been delayed due to a partner awaiting regulatory approval.
- Despite strong performance, the company anticipates a normalization of trends and does not expect the same level of volatility-driven growth in the second half of the year.
- Personnel expenses increased due to provisions for long-term variable compensation and personnel measures.
- The company faces headwinds from the overall interest rate environment, which could impact future interest income.
- There are ongoing challenges in harmonizing IT infrastructure, which is crucial for future growth plans.
Hello and welcome to the flatexDEGIRO AG analyst call for H12025 results. [Operator Instructions] Oliver Behrens, Chief Executive Officer, Dr. Benon Janos CFO, and Achim Schreck, Head of IR and Corporate Communications, please go ahead.
Thank you and good morning, everyone. Many thanks for dialing in. And welcome to our analyst call relating to our Q2 results, which we published yesterday evening post market close. My name is Achim Schreck and I'm heading the investor relations team here at Flattex de Giro. And with me I have today our CEO Oliver Behances, as well as our CFO Doctor Beyonanos, who will lead us through the presentation today.
We also have in the room with us today Christian Schruel, our Chief Hr Officer, Doctor Thomas Lindner, our global head of finance, as well as my IR colleague Laura Hecker. As usual, we would like to provide a short run through the presentation before we open up for your question. And without any further ado, I'm very pleased to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
