Press release
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flatcx = DEGIRO Corporate News / Frankfurt / Main , 25 May 2021 flatexDEGIRO announces five - year - vision : up to 8m customers and 350m transactions , resulting in over EUR 1 bn of accumulated operating cash flow • • • • New 5 - year - vision : raising the European customer base to an unrivaled level of 7-8m brokerage customers , settling 250-350m trades p.a. - even in years with low market volatility Current strong capital inflows into online brokerage sector across Europe fuel the hyper - growth based on ever - increasing awareness of online brokerage in massively underpenetrated continental markets flatexDEGIRO's unique European set - up in 18 countries , built over the last decade , enables the company to benefit from the accelerated dynamics like no other and to continue significantly outperforming all European peers Superior European brokerage strategy , highest quality customer base and outstanding investment power based on triple - digit million own cash flows will lead to a record acceleration of annual customer growth rates Further verticalization of brokerage platform with ancillary products and services will provide significant additional profitability growth per customer Frankfurt / Main flatexDEGIRO AG ( WKN : FTG111 , ISIN : DE000FTG1111 , Ticker : FTK.GR ) , Europe's largest retail online broker , today announced its new 5 - year - Vision . By 2026 , the Company aims to service 7-8 million brokerage customers and to settle 250-350 million trades p.a. - even in years with low market volatility . With its clearly established positioning as price and cost leader in high - growth markets and its proven ability to win substantial market share both from incumbents as well as in an organically growing market , flatexDEGIRO strives to further accelerate its customer growth to an average of more than 1 million new customers in each of the next five years . A rapidly and steadily growing number of retail investors throughout Europe are taking advantage of the opportunities offered by the capital markets to build up wealth on a self - directed basis , especially given the lack of alternative savings products due to negative interest yields . At the same time , the continental European online brokerage landscape used to be widely characterized by an undersupply of high - quality providers offering retail customers low - cost access to trading and savings plans . With its clear positioning as a price leader , backed by one of the most comprehensive product offers and a cutting- edge technology platform living up to the highest standards , flatexDEGIRO is at the forefront of the accelerated transformation with its already established unparalleled footprint across all European growth markets . " We experience a new phase of hyper - growth in online brokerage . Important secular trends have been accelerated over the last 12 to 18 months . The countries that we mainly focus on are today still underdeveloped with regards to online brokerage . We expect the addressable market to quadruple , adding some 75 million new potential customers to the market over the next years . Given our footprint and cash - generating power , no one is better positioned to benefit from this enormous medium- and long - term growth , " explains Frank Niehage , CEO of flatexDEGIRO the company's unique opportunity . " The massive capital inflows into the brokerage industry we see right now do not only confirm our view on the high long - term attractiveness of the industry , but they will also lead to higher awareness of online brokerage . This fuels our organic growth . "