FlatexDEGIRO Reports Record Financial Results and Sets Ambitious Growth Targets

flatexDEGIRO AG, a leading European online broker, reported a notable financial year for 2024 with a 55% increase in net income to EUR 112 million, surpassing its growth projections. Revenues climbed 23% to EUR 480 million, driven by a substantial rise in commission and interest income. This record performance comes as the company enhanced its customer base by 421,000, reaching 3.1 million accounts, accompanied by net cash inflows of EUR 6.6 billion.

The company's strategic focus on customer growth, product expansion, and operational efficiency underpins their ambitious goal to reach EUR 650 million in revenues and EUR 200 million in net income by 2027. To achieve this, flatexDEGIRO plans to expand market presence, enhance its product offerings including crypto asset trading, and streamline operations to improve efficiency.

Looking ahead to 2025, the company aims to maintain its growth trajectory, with projected revenues between EUR 455 million and EUR 505 million despite anticipated lower interest income.