flatexDEGIRO: expected consolidated net income on the rise


(CercleFinance.com) – flatexDEGIRO has published its preliminary results for the first half of the year and announces “industry-leading growth”, with more than 282,000 gross client account additions, representing ‘50% higher growth to the combined growths of several peers’.

Based on a customer retention rate of 98.8%, the broker indicates that its consolidated net income for the first half of 2022 should exceed the net income for the 2021 financial year (51.6 million euros).

Revenue per transaction is also up sharply, from 4.27 euros to 5.31 euros, between the 1st half of 2021 and the 1st half of 2022.

Preliminary results nevertheless show a decline in half-yearly turnover, which fell from 226.1 ME last year in the 1st half to 209.6 ME for the past half.

Finally, flatexDEGIRO highlights the sharp increase in its EBITDA, rising from 53.2 ME to 89.1 ME, with an EBITDA margin also up sharply, rising from 23.5% to 42.5%.

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