flatexDEGIRO AG / Key word(s): Change in Forecast/Monthly Figures
Frankfurt/Main, 02. February 2021
flatexDEGIRO starts extremely successful into new year and raises significantly its guidance
Based on a record start with over 130,000 new customers and 11.4 million settled transactions in January, as well as a fundamentally positive expectation for the further course of the year, the Management of flatexDEGIRO has today decided to significantly raise its commercial guidance for 2021.
The management expects an increase of the customer base from 1.25m customers (as of 31 December 2020) to a range of 1.8 million to 2.0 million by the end of the year (previous guidance: over 1.6 million). The guidance for the expected number of settled transactions is increased from a range of 65 million to 75 million (previous guidance) to a range of 75 million to 90 million. In 2020, the company executed 75 million transactions (pro forma).
The expected accelerated growth will have a significant positive impact on revenues, earnings and free cash flow in 2021 and subsequent years.
Head of IR & Corporate Communications
+49 (0) 69 450001 1700
|60327 Frankfurt / Main|
|Phone:||+49 (0) 69 450001 0|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1165171|
|End of Announcement||DGAP News Service|