Investing.com — Frankfurt-based online brokerage raised its financial guidance for full-year 2026, citing strong first-half business performance, customer growth, trading activity and Interest Income, the company said in a statement Friday.
However, shares of the company where down 3% as of 05:34 ET (09:34 GMT).
The company now expects Revenues of around €650 million, up from previous guidance of 5-10 percent growth to approximately €588-616 million.
Net Income is now expected to reach around €200 million, up from previous guidance of 5-15 percent growth to approximately €168-184 million.
flatexDEGIRO said it now expects to achieve financial targets originally set for 2027 one year earlier than planned.
CEO Oliver Behrens in a statement said, “Only sixteen months ago, we set ourselves the ambitious objective of almost doubling Net Income by 2027 to around € 200 million. Achieving this target a full year ahead of schedule demonstrates the strength of our platform, the execution of our strategy and the structural growth opportunities that continue to emerge across the European wealth market.”
“We expect to convert approximately 16 percent Revenue growth into approximately 25 percent growth in Net Income,” said CFO Dr. Benon Janos.
The company said the outlook is supported by higher customer cash balances in a more positive interest rate environment, a growing margin loan book and a more active treasury strategy, alongside strong customer acquisition and product expansion. It said costs “remain well under control.”
The expected €200 million Net Income in 2026 would mark the third consecutive year in which annual profitability increased by at least €40 million, the company said.
Management plans to present new medium-term ambitions alongside preliminary full-year 2026 results in February 2027, based on “a higher starting point than previously anticipated,” the company said.