20.10.2020 flatex AG  DE000FTG1111

DGAP-News: flatex AG: Annual General Meeting approves all items on the agenda with a large majority


 

DGAP-News: flatex AG / Key word(s): AGM/EGM
flatex AG: Annual General Meeting approves all items on the agenda with a large majority

20.10.2020 / 12:57
The issuer is solely responsible for the content of this announcement.


Annual General Meeting approves all items on the agenda with a large majority
 

- Company name evolved to flatexDEGIRO AG

- Financial flexibility significantly increased through new authorized capital

- 78.39 percent of share capital represented at virtual Annual General Meeting


Frankfurt/Main - The general meeting of flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) today approved all items on the agenda.

To underscore its position as Europe's largest retail online broker, the name of the group's parent company was evolved from flatex AG to flatexDEGIRO AG. In its respective markets, the company continues to operate under its strong B2C brands "flatex" and "DEGIRO".

The authorized capital available to the company was significantly expanded in two resolutions allowing the Management Board, with consent of the Supervisory Board, to issue a total of up to 13.6 million new shares. flatex considers itself to be optimally positioned to act flexibly and quickly when opportunities arise and thus further increase the company value.

Further documents on the 2020 virtual Annual General Meeting, including detailed information on attendance and voting results, are available for download on our website under Investor Relations > Annual General Meeting.


Contact

Achim Schreck Tel. +49 (0) 69 450001 0
Head of IR & Corporate Communications [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 millions of paperless securities transactions per annum. B2C customers in 18 European countries 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.

With the acquisition of DEGIRO in July 2020 flatex became one of the largest online brokers in Europe with more than 1.2 million customers and 70 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. Until 2025 at the latest, flatex aims to win over 3 million customers and execute at least 100 million transactions per year.


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.



20.10.2020 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: 1141910

 
End of News DGAP News Service

1141910  20.10.2020 

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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 18,980 Kaufen 2.083,71
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,27 25,08 0,52 86,27
KBV KCV KUV EV/EBITDA
4,40 14,73 7,97 21,17
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
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
-9,58% -15,83% 19,56% 69,65%
    
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FinTech , FTG111 , FTK , XETR:FTK