FlatexDEGIRO AG Reports Q3 2024 Growth With Revised Revenue Guidance

flatexDEGIRO AG continues its positive growth trajectory in the third quarter of 2024, with revenues increasing by 10.1% year-over-year to €111.7 million. Over nine months, revenue reached €353.4 million, marking a 21.6% rise. The company upgraded its full-year revenue guidance, anticipating growth slightly above the initial 15% target.

Commission income surged by 8.9% while interest income climbed 15.2%. Total transactions rose to 14.8 million due to strong customer growth. Net income also saw a 21.0% increase, standing at €24.9 million for Q3. The company aims for record net income at the upper end of its guidance, targeting a 50% increase for the year.

CEO Oliver Behrens highlighted new product launches, including cryptocurrency trading and retirement savings accounts, as key growth drivers. The company plans to launch direct crypto trading in Germany by year-end. Meanwhile, customer assets reached a new peak of €64.6 billion, with a €1.7 billion net cash inflow in Q3.