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 2022 flatexDEGIRO AG Earnings Call Transcript

Oct 19, 2022 / 08:00AM GMT

Release Date Price: €9.12 (-2.31%)

Transcript

Operator

Hello, and welcome to flatexDEGIRO Analyst Call. Please note this call is being recorded. (Operator Instructions)

I will now hand over to your host, Frank Niehage, CEO of flatexDEGIRO to begin today's conference. Thank you.

Frank Niehage

flatexDEGIRO AG - Chairman of Management Board & CEO

Good morning, everyone, A warm welcome to our Q3 earnings call. I'm here with my colleague Muhamad Chahrour and Achim Schreck. Like always, I will do a short brief introduction, and then I'm happy to hand over to Muhamad to run you through the presentation and the details.

Let me start as follows. Needless to say that we are in tough times and that the geopolitical situation here in Europe as well as the fear of recession and the inflation and the interest hikes are very, very challenging for our industry. However, we are happy to present solid financial and operational performance in Q3.

I'm happy to mention that the revenues are positive, up 4.3%. The increase of revenue per transaction is even up 6.5% versus last year Q3. And thereof, no

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