flatexDEGIRO: income up 4.3% in third quarter

(CercleFinance.com) - flatexDEGIRO has published revenue of 91.
9 million euros for its third quarter, up 4.3% compared to the same period one year previously. EBITDA is 37.6 million euros, which represents growth of 25.1%, still on a year-on-year basis.

Over the full financial year, flatexDEGIRO's management is aiming at attaining at least 400 million euros with a stable EBITDA margin compared to last year.

The company states that it has acquired more than 376,000 new client accounts over the first nine months of the year, taking its client base to 2.4 million with a retention rate of 98.4%.

“Our ongoing growth and financial performance clearly demonstrate the solidity of our business model and the quality of our customer base”, says Frank Niehage, CEO of flatexDEGIRO, adding that he is “very confident” as to the company's ability to increase its revenue per trade in the fourth quarter of 2022, before accelerating again into next year.

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