flatexDEGIRO AG
FTK
ISIN DE000FTG1111 / Valor 34205524
flatexDEGIRO AG
UMushroom community rating:
About company
flatexDEGIRO AG is a European online brokerage company that offers trading services for stocks, bonds, funds, and other financial instruments to retail and institutional clients.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Revenue Growth
In the second quarter of 2024, flatexDEGIRO AG reported a significant increase in revenues, amounting to EUR 118.7 million. This represents a 30.8 percent growth compared to the same period in 2023, where revenues were EUR 90.8 million. The increase was driven by improvements in both Commission Income and Interest Income.
Commission Income
flatexDEGIRO AG's Commission Income for Q2 2024 was EUR 66.1 million, up 25.4 percent from EUR 52.7 million in Q2 2023. This growth was attributed to a continuously growing customer base, which reached 2.88 million, and an increase in average commissions per transaction, which rose by 8.5 percent to EUR 4.33.
Interest Income
Interest Income for flatexDEGIRO AG in Q2 2024 saw a substantial increase of 47.2 percent, reaching EUR 47.7 million compared to EUR 32.4 million in Q2 2023. This growth was driven by higher depository rates at the ECB, increased customer cash under custody, and a larger margin loan book.
Net Income
flatexDEGIRO AG's Net Income more than doubled in Q2 2024, reaching EUR 30.8 million, a 132.8 percent increase from EUR 14.6 million in Q2 2023. On a half-year basis, Net Income tripled from EUR 20.1 million in the first six months of 2023 to EUR 60.8 million in H1 2024.
Customer Growth
In the second quarter of 2024, flatexDEGIRO AG opened approximately 84,600 new customer accounts, a 15.0 percent increase from Q2 2023. By the end of June 2024, the total customer base reached 2.88 million. Additionally, the company settled 15.2 million transactions in Q2 2024, a year-over-year increase of 15.5 percent.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1689 M
Market cap (USD)
371,188
Daily traded volume (Shares)
14.84 / 14.505
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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