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 2023 flatexDEGIRO AG Earnings Call Transcript

Oct 18, 2023 / 08:00AM GMT

Release Date Price: €9.69 (+13.04%)

Transcript

Operator

Hello, and welcome to the flatexDEGIRO Quarter 3 Analyst Call. My name is Caroline, and I'll be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions)

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

Frank Niehage

flatexDEGIRO AG - Chairman of Management Board & CEO

Yes. Good morning, everyone, from Frankfurt to our Q3 earnings call. Pleasure to be here with Dr. Benon Janos, our CFO; as well as Achim Schreck, our Head of IR. Like always, I'm happy to do the introduction and share with you some highlights of last quarter. And then, obviously, I hand over to the CFO to run you through much more details.

So, as we've promised in our last call, we've managed our costs. We saw in the first half of this year a lot of one-offs. And we promised to manage our marketing spend, and we are quite happy that client [growth] with reduction of marketing spend is possible and that management is on top of things.

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