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 Corporate Call Transcript

Dec 05, 2022 / NTS GMT

Release Date Price: €6.46 (-36.71%)

Transcript

Muhamad Said Chahrour

flatexDEGIRO AG - CFO & Member of the Management Board

Thanks for dialing in. Thanks for attending this call. After Saturday's press release, we think that it makes lot of sense to have this clarification call with the market participants and to also allow market participants to ask questions and to give you a little bit of inside guidance on what we have published on Saturday.

Three key topics that were published on Saturday in our press release. One is with respect to the year-end, so 2022 financial guidance. I think that is a topic that I'm happy to answer, to discuss at the end of this call or at the end of my part before jumping into the Q&A. The more important focus is on the topic of the audit that has been conducted by the BaFin and has been brought to the end and some sentences with respect to changes in the governance structure, what was behind the rationale, what is the rationale of these governance changes.

Let me start with the BaFin audit. As we have informed you in the press release, there has been in 2022 a BaFin audit -- or there had been a

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