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DGAP-Adhoc: flatexDEGIRO raises significantly its forecast for the current fiscal year after an outstanding Q1 2021

04/15/2021 | 05:14am
DGAP-Ad-hoc: flatexDEGIRO AG / Key word(s): Change in Forecast/Quarter Results 
flatexDEGIRO raises significantly its forecast for the current fiscal year after an outstanding Q1 2021 
15-Apr-2021 / 11:12 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
Frankfurt/Main, 15 April 2021 
flatexDEGIRO raises significantly its forecast for the current fiscal year after an outstanding Q1 2021 
flatexDEGIRO added over 360,000 new customers in the first quarter of 2021, growing by 29 percent compared to the 
beginning of the year to 1.6 million customers. Compared to Q1 2020, the number of transactions settled in the first 
three months increased by 94 percent to 33.6 million (Q1 2020: 17.3 million). Quarterly revenues increased by 176 
percent year-on-year to 134.9 million euros (Q1 2020: 48.9 million euros). Adjusted EBITDA reached 73.1 million euros 
(Q1 2020: 23.7 million euros), an increase of 208 percent. 
Due to this outstanding development and the expectation of a dynamic continuation of new customer growth based on the 
strong first weeks of April, the Management of flatexDEGIRO AG today decided again to raise its growth expectation for 
the current fiscal year significantly. 
Management now expects customer growth of 750,000 to 950,000 new customers for the full year 2021 and thus an expansion 
of the customer base to 2.0 to 2.2 million customers by year-end (previous expectation: 1.8 to 2.0 million customers). 
The number of transactions settled in 2021 is expected to be in a range of 90 to 110 million (previous expectation: 75 
to 90 million). 
The expected accelerated growth is assumed to have a significant positive impact on revenues, earnings, and free cash 
flow in 2021 and subsequent years. 
Based on these developments, flatexDEGIRO is bringing forward the publication of the Group Interim Management Statement 
for the first quarter of 2021, which was scheduled for 20 April 2021, to Friday, 16 April 2021. 
Achim Schreck 
Head of IR & Corporate Communications 
flatexDEGIRO AG 
Rotfeder-Ring 7 
D-60327 Frankfurt/Main 
Tel. +49 (0) 69 450001 0 
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 flatexDEGIRO AG may substantially differ from 
these forward-looking statements. flatexDEGIRO assumes no obligation to update these forward-looking statements or to 
correct them in case of developments, which differ from those anticipated. 
15-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      flatexDEGIRO AG 
              Rotfeder-Ring 7 
              60327 Frankfurt / Main 
Phone:        +49 (0) 69 450001 0 
E-mail:       ir@flatexdegiro.com 
Internet:     www.flatexdegiro.com 
ISIN:         DE000FTG1111 
WKN:          FTG111 
Indices:      SDAX 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate 
EQS News ID:  1185231 
End of Announcement  DGAP News Service 

1185231 15-Apr-2021 CET/CEST

(END) Dow Jones Newswires

April 15, 2021 05:13 ET (09:13 GMT)

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