24.08.2020 flatex AG  DE000FTG1111

DGAP-News: flatex AG: Steffen Jentsch promoted to the Management Board of flatex Bank AG


 

DGAP-News: flatex AG / Key word(s): Personnel/Strategic Company Decision
flatex AG: Steffen Jentsch promoted to the Management Board of flatex Bank AG

24.08.2020 / 07:00
The issuer is solely responsible for the content of this announcement.


Corporate News / Frankfurt/Main, 24 August 2020

flatex: Steffen Jentsch promoted to the Management Board of flatex Bank AG

Frankfurt am Main - flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) expands the management board of flatex Bank AG due to the accelerated international growth and the increasing importance of digitalization in the banking sector. Steffen Jentsch will assume responsibility for the operation and further development of the company's proprietary core banking system.

With effect from 18 August 2020, flatex appointed Steffen Jentsch, a proven IT expert with an outstanding understanding of processes, to the bank's top management body. Steffen Jentsch has been Managing Director of flatex AG since 2017 and is jointly responsible for flatex Bank AG as a general manager since 2018. Before joining flatex, Steffen Jentsch worked for more than 10 years in managing positions at Fiducia GAD, the central provider of IT services of the cooperative FinanzGruppe, most recently as a member of the management board.

"We are very pleased to be able to appoint Steffen Jentsch from within our own ranks to lead the central area of IT on the management board. By optimizing and continuously expanding our digital competencies, we are creating decisive competitive advantages that underpin our long-term and sustainable growth ambitions", says Martin Korbmacher, Chairman of the supervisory board of flatex AG. "He will focus on achieving a rapid harmonization of the structures and providing the technological framework to enable further growth and to manifest with flatexDEGIRO our position as the first and largest pan-European online brokerage business."

Contact:
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 Europe 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.

Disclaimer

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.



24.08.2020 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.

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Language: English
Company: flatex AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: [email protected]
Internet: www.flatex.com
ISIN: DE000FTG1111
WKN: FTG111
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1121995

 
End of News DGAP News Service

1121995  24.08.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 75,19 95,02 107,01 125,10 131,95 261,49 445,00
EBITDA1,2 19,74 30,62 32,07 42,37 37,58 98,43 200,00
EBITDA-Marge3 26,25 32,22 29,97 33,87 28,48 37,64 44,94
EBIT1,4 17,24 25,47 26,48 30,62 24,75 73,79 175,00
EBIT-Marge5 22,93 26,80 24,75 24,48 18,76 28,22 39,33
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 21,80
Cashflow1,7 -58,71 -143,96 0,11 250,07 -157,25 141,45 162,00
Ergebnis je Aktie8 -0,02 0,18 0,25 0,24 0,19 0,54 0,88
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

INVESTOR-INFORMATIONEN
©boersengefluester.de
flatexDEGIRO
WKN Kurs in € Einschätzung Börsenwert in Mio. €
FTG111 20,840 Kaufen 2.287,91
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,57 25,43 0,57 94,73
KBV KCV KUV EV/EBITDA
4,83 16,17 8,75 23,25
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
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
2,06% -8,00% 31,28% 95,22%
    
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FinTech , FTG111 , FTK , XETR:FTK