30.07.2020 flatex AG  DE000FTG1111

DGAP-News: flatex closes transaction of acquiring 100% of DEGIRO shares


DGAP-News: flatex AG / Key word(s): Corporate Action/Takeover
flatex closes transaction of acquiring 100% of DEGIRO shares

30.07.2020 / 19:40
The issuer is solely responsible for the content of this announcement.

Corporate News / Frankfurt/Main, 30 July 2020

flatex closes transaction of acquiring 100% of DEGIRO shares

- flatex closes DEGIRO acquisition and controls 100%

- DEGIRO consolidation into flatex group starts as of August 1, 2020

- Cash accounts for DEGIRO clients in 3 countries already implemented to harvest synergies

Frankfurt am Main - Today, flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) finalized the acquisition process of DEGIRO by taking over 100% of DEGIRO shares. 7.5 million new flatex shares were issued to the current DEGIRO shareholders. flatex AG now has a total of 27.2 million shares outstanding. In addition, flatex paid as planned on a debt-and-cash-free basis the remaining EUR 36.4 million in cash. DEGIRO will be consolidated into the flatex group as of August 1, 2020.

"Seven months after signing this acquisition we are happy now to close the transaction and to welcome the whole DEGIRO family into the flatex group. We are keen and confident to harmonize the structures as much as possible to allow further growth and to manifest with flatexDEGIRO our position as the first and largest pan-European online brokerage business. We are particularly pleased to already provide in a first wave proper bank cash accounts for Finnish, Irish, and Portuguese DEGIRO clients at flatex and further enhance the already strong DEGIRO product proposition while reducing costs simultaneously. In a few weeks' time we expect all DEGIRO clients to benefit from a flatex cash account ", comments Frank Niehage, CEO of flatex AG on the closing of the DEGIRO transaction. "We need to stay focused to realize our goals and to win 2 million clients. However, given the geographical footprint, the strong brands flatex and DEGIRO and the complementary structures, we have the perfect strategic set-up to build something highly distinctive in Europe."

"This year is a remarkable year, operationally and strategically. We will have the most successful year ever with exceptional trading figures and financials. At the same time, we have set many important strategic cornerstones to align our group to growth. This includes the DEGIRO transaction, the diversification of our shareholder structure and the envisaged uplisting in the SDAX in Q4 2020. We are now very thrilled and looking forward to translating these strategic steps into operational excellence to achieve our mid-term ambition of EUR 300 million revenues, EUR 150 million EBITDA and EUR 3 earnings per share with our over 800 flatexDEGIRO colleagues", says Muhamad Chahrour, CFO of flatex AG.

Muhamad Said Chahrour
Chief Financial Officer (CFO)
Tel. +49 (0) 69 450001 0
[email protected]
flatex AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main

About flatex AG

flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest growing online brokerage businesses in Europe, executing more than 30 million paperless securities transactions per annum. More than 1 million B2C customers are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-house state-of-the-art technology.

After the acquisition of DEGIRO in July 2020 flatex became one of the largest online brokers in with more than 1.2 million customers and 50 million securities transactions estimated for 2020. In a time of bank consolidation, low interest rates and digitalization, the flatex Group is thus ideally positioned for further growth and on its way to becoming Europe's leading provider of online retail brokerage.


This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by flatex AG may substantially differ from these forward-looking statements. flatex assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.

30.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: flatex AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Phone: +49 (0) 69 450001 0
E-mail: [email protected]
Internet: www.flatex.com
ISIN: DE000FTG1111
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1106801

End of News DGAP News Service

1106801  30.07.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 75,19 95,02 107,01 125,10 131,95 261,49 380,00
EBITDA1,2 19,74 30,62 32,07 42,37 37,58 98,43 165,00
EBITDA-Marge3 26,25 32,22 29,97 33,87 28,48 37,64 43,42
EBIT1,4 17,24 25,47 26,48 30,62 24,75 73,79 146,00
EBIT-Marge5 22,93 26,80 24,75 24,48 18,76 28,22 38,42
Jahresüberschuss1 -2,16 12,32 16,80 17,47 14,91 49,92 97,00
Netto-Marge6 -2,87 12,97 15,70 13,96 11,30 19,09 25,53
Cashflow1,7 -58,71 -143,96 0,11 250,07 -157,25 141,45 69,00
Ergebnis je Aktie8 -0,10 0,73 1,00 0,98 0,77 2,16 3,50
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

WKN Kurs in € Einschätzung Börsenwert in Mio. €
FTG111 101,800 Kaufen 2.791,98
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,14 26,15 0,88 119,77
6,27 19,74 10,68 28,37
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 29.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
20.04.2021 31.08.2021 09.11.2021 08.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,91% 25,57% 60,32% 162,03%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu flatex AG  ISIN: DE000FTG1111 können Sie bei DGAP abrufen

FinTech , FTG111 , FTK , XETR:FTK