FlatexDEGIRO aims for record year in 2024 after strong performance in 2023

After recording its second best financial year in 2023, flatexDEGIRO, a leading online brokerage platform in Europe, is looking ahead to a record year in 2024. The company saw an increase of 340,000 new customer accounts, bringing its total to 2.7 million. It also reports net cash inflows amounting to 4.5 billion euros.

The year 2023 was marked by revenue growth of 6% to reach 390.7 million euros and adjusted EBITDA up 7%, reaching 154.4 million euros. flatexDEGIRO benefited from a significant increase in its interest income thanks to rising interest rates, contributing to this positive performance.

With a CET1 ratio of more than 30% and a regulatory capital surplus of more than 100 million euros expected, the company plans to propose a share buyback of up to 10% of the capital as well as an additional dividend of 4 cents per share.

In 2024, flatexDEGIRO anticipates growth in its client portfolio comparable to that of 2023 and plans to maintain a similar level of trading activity. The company expects an increase of 5 to 15% in its revenues and a significant increase in its consolidated net income of 25 to 50%, thus aiming for the best results in its history in terms of revenues and consolidated net income.