- Customer Growth: flatexDEGIRO surpassed 3 million customers, marking a growth of 400,000 in the past year, predominantly in Germany where it includes over 500,000 clients.
- Financial Performance: 2024 revenues rose 22.9% to €480,024k, with a consolidated net profit increase of 55.2% to €111,535k, highlighting strong operational performance.
- Leadership Change: Oliver Behrens appointed as new CEO on October 1, 2024, with expiring contracts for CFO and CTO extended for four years until May 2029.
- Regulatory Milestone: The BaFin special commissioner’s mandate ended on September 30, 2024, following the resolution of prior audit deficiencies.
- Crypto Trading Launch: flatexDEGIRO commenced cryptocurrency trading in December 2024, with competitive pricing structures enhancing market offerings.
- The OeNB’s Economic Forecast for Austria anticipates moderate growth in Austria and other core markets, with GDP expected to rise by 0.8% in 2025 and 1.5% in 2026, while Dutch exports are projected to increase due to a global trade recovery.
- Geopolitical tensions are forecasted to negatively impact economic sentiment and spending in the Netherlands, with risks of trade conflicts potentially revising growth forecasts downward.
- Inflation in the Eurozone is expected to stabilize at 2% in the medium term, enabling potential ECB interest rate cuts.
- flatexDEGIRO AG reported a 22.9% increase in annual revenues, reaching €480 million, with a net profit of €111.5 million, up 55.2%.
- Customer growth at flatexDEGIRO was robust, with 421,000 new accounts in 2024, bringing the total to 3.1 million, driven by high trading activity and a strong customer base.
- Financial Growth: Total assets increased by 18.9% from €4.54 billion in 2023 to €5.40 billion in 2024.
- Revenue Growth: Revenue rose to €480.02 million, up 22.9% from the previous year’s €390.73 million, driven by significant gains in commission and interest income.
- Net Profit: Consolidated net profit surged to €111.54 million compared to €71.86 million in 2023, resulting in earnings per share of €1.02.
- Equity Position: Shareholders’ equity grew to €754.65 million, up from €673.62 million in 2023, reflecting robust retained earnings and successful capital management.
- Cash Flow: Positive cash flow from operations rose dramatically to €168.86 million, highlighting improved liquidity and operational efficiency.
- Liabilities: Total liabilities increased to €4.65 billion, with heightened customer obligations, emphasizing strong customer engagement.
- Development of Intangible Assets: Intangible assets totaled €424.98 million, mainly from ongoing technology developments with a focus on integrating DEGIRO systems.
3Semana·
Summary of Annual Report of flatexDEGIRO AG (2024)
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