Flatex AG (XTER:FTK)

€ 13.44 -0.155 (-1.14%) Market Cap: 1.48 Bil Enterprise Value: -1.38 Bil PE Ratio: 20.68 PB Ratio: 2.19 GF Score: 82/100

flatexDEGIRO AG Q1 2021 Update Call Transcript

Apr 16, 2021 / NTS GMT

Release Date Price: €26.53 (+2.61%)

Transcript

Muhamad Said Chahrour

flatexDEGIRO AG - CFO & Member of the Management Board

Good morning, ladies and gents. Welcome to our today's management comment call on our latest updates to our company, flatexDEGIRO. We are very delighted and thankful to have the chance today to present to you a bit of deep dive around our publications with respect to the FY 2020 results and that today this morning published press release with respect to the first quarter.

We have promised the world quite a lot of things after the acquisition of DEGIRO; first and foremost, that we will be able to develop something very unique in the European market, to build the only pan-European online brokerage business that will be able, over time, to provide exceptional growth, to provide exceptional margins and to provide an exceptional strategy. And we were very thankful that in 2020, already, we managed to leverage the first synergies after the transaction with DEGIRO, which also have contributed to our full year 2020 figures.

We have closed the year with 1.25 million clients. We settled for our clients more than 75

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