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    FTK   DE000FTG1111

FLATEXDEGIRO AG

(FTK)
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01/17FLATEXDEGIRO AG : Notification and public disclosure of transactions by persons
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flatexDEGIRO : DEGIRO retailises European Online Brokerage with zero commission trading on top US and European exchanges

11/18/2021 | 08:53am EST

Corporate News / Frankfurt/Main, 18 November 2021

DEGIRO retailises European Online Brokerage with zero commission trading on top US and European exchanges

  • Zero commission US trading on NASDAQ and NYSE in all DEGIRO markets
  • Zero commission trading on leading local exchanges and all ETFs in DEGIRO growth countries
  • Most transparent pricing structure with no compensation through payment for order flow
  • Significant acceleration of customer and transaction growth and increasing profitability expected

Today, flatexDEGIRO (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's largest and fastest-growingpan-European retail online broker announced the introduction of zero commission trading at DEGIRO, starting as of 22 November 2021. DEGIRO customers across Europe will thereby be able to trade without any commission over 5,000 US equities directly on the leading US exchanges NASDAQ and NYSE. Additionally, in the most important growth markets, France, Spain, Portugal and Italy, as well as in Sweden and Denmark, they will trade all ETFs commission-free as well as equities on the respective local Tier 1 exchanges, including Euronext Paris, and Lisbon, NASDAQ Stockholm, Bolsa de Madrid and Borsa Italia.

For the very first time, European retail investors will be able to trade at zero commission without having to compromise on quality, service, security, product choice or place of execution. flatexDEGIRO leverages its technological edge, its financial strengths and the scale of its market- leading pan-European online brokerage business to make this unique offer. The attractiveness and quality of the offer is expected to lead to an increasing revenue base and additional economies of scale which, together with optimised monetisation, should strongly improve flatexDEGIRO's operating profitability.

Frank Niehage, CEO of flatexDEGIRO: "With 'DEGIRO goes zero', we are changing the face of online brokerage in Europe. DEGIRO provides the lowest prices in the market with full cost transparency and no compromise on quality. We are now not only leading in platform and product but also in price. This will further increase the attractiveness of long-term investing and trading on our platform for millions of Europeans. No one interested in online brokerage should ever again feel the need to trade with brokers who supposedly charge no commissions but offer only intransparent and low-quality alternatives."

Muhamad Chahrour, CEO of DEGIRO and CFO of flatexDEGIRO: "It's as simple as that: for years, many so-called'neo-brokers' claimed to offer zero commission trading - but at what costs? Clients were attracted to trade either highly risky CFDs or with market makers having intransparent product- pricing and scrutinised payments for order flow. No retail customer should ever again accept this specious trade-off. We promised to retailise capital market access - this is exactly what we now do with this revolutionary step. DEGIRO launches the first fair and most transparent zero commission retail brokerage, not relying on any payment for order flow."

Complex variable fee structures for external cost such as exchange fees and regulatory costs will be eliminated by a transparent and simple flat handling fee of as little as 50 Cents per transaction. DEGIRO also supports the best access to international equity markets with transparent and outstanding FX services and fees, including one of the lowest FX fees in the whole financial industry of just 0.25%.

Contact:

Achim Schreck

Tel. +49 (0) 69 450001 0

Head of IR & Corporate Communications

achim.schreck@flatexdegiro.com

flatexDEGIRO AG

Rotfeder-Ring 7

D-60327 Frankfurt/Main

About flatexDEGIRO AG

flatexDEGIRO 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-housestate-of-the-art technology.

With more than 1.25 million customers and over 75 million securities transactions in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time of bank consolidation, low interest rates and digitalization, the flatexDEGIRO Group is ideally positioned for further growth. Within the next five years, flatexDEGIRO aims to grow its customer base to 7-8 million customers, settling 250-350 million transactions per year - even in years with low volatility.

More information via https://www.flatexdegiro.com/en

Disclaimer

Flatex AG published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 13:52:07 UTC.


ę Publicnow 2021
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Financials
Sales 2021 424 M 480 M 480 M
Net income 2021 63,5 M 71,8 M 71,8 M
Net cash 2021 363 M 411 M 411 M
P/E ratio 2021 23,6x
Yield 2021 -
Capitalization 1 835 M 2 076 M 2 075 M
EV / Sales 2021 3,47x
EV / Sales 2022 2,75x
Nbr of Employees 1 085
Free-Float 48,6%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 16,71 €
Average target price 33,46 €
Spread / Average Target 100%
EPS Revisions
Managers and Directors
Frank Niehage Chairman-Management Board
Muhamad Said Chahrour Chief Financial Officer
Martin Korbmacher Chairman-Supervisory Board
Stefan MŘller Deputy Chairman-Supervisory Board
Herbert Seuling Member-Supervisory Board
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