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

Q3 2021 flatexDEGIRO AG Earnings Call Transcript

Nov 04, 2021 / 09:00AM GMT

Release Date Price: €20.66 (-0.86%)

Transcript

Operator

Dear ladies and gentlemen, welcome to the conference call of flatexDEGIRO. At our customer's request, this conference will be recorded. (Operator Instructions)

May I now hand you over to Muhamad Chahrour, who will lead you through this conference. Please go ahead.

Muhamad Said Chahrour

flatexDEGIRO AG - CFO & Member of the Management Board

Yes. Thank you very much. Good morning, everyone. Thanks for joining our today's Q3 call. Let me start first by discussing our growth in the last quarter.

We had a quite strong Q3, very satisfied Q3, very much in line with what we have expected and what we have communicated also in Q2, expecting back then a stronger Q3 than Q2 in terms of client growth, the acceleration in client growth as well as in improving our margins on a holistic level. We managed in Q3 to grow to 1.9 million clients, which makes us coming very close to our -- at the lower end of our guidance of 2 million clients for full year 2021. So there's 100,000 more clients to win in the last quarter, and we started very well into the Q4

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