Earnings release
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flatex DEGIRO Group Interim Management Statement , January - March 2021 Frankfurt / Main , 16 April 2021 flatexDEGIRO grows faster than three major competitors in Europe together - 2021 forecast raised significantly again • • • Customer base increased by over 360,000 ( + 29 % ) to 1.6 m in the first quarter – more new customers acquired than three key peers together Number of transactions in Q1 2021 almost doubled to 33.59 m ( Q1 2020 : 17.33 m , pro forma ) Revenue in Q1 2021 increased by 176 % to EUR 134.9 m , Adjusted EBITDA margin of 54.2 % ( FY2020 : 43.6 % ) • Further growth initiatives launched at flatex and DEGIRO • Full - year forecast raised to 2.0 - 2.2 m customers and 90 - 110 m transactions settled " The new era in online brokerage that we started with the acquisition of DEGIRO last year is visibly beginning to take shape . Together , we are continuously expanding our customer offering and continuing to impress with outstanding user - friendly and stable platforms , one of the largest product ranges and particularly attractive conditions . Strategically , we are optimally positioned in 18 European countries , " says Frank Niehage , CEO of flatexDEGIRO AG . " Our strategy is confirmed by the continuously high number of new customers . In 2020 , we grew three times faster than our peers . We have continued this trend in the first months of this year . I have no doubt that we will continue to achieve this outperformance in the future . We are Europe's leading retail online broker in terms of transactions settled , but it is only a matter of time before flatexDEGIRO will become Europe's undisputed number one also in terms of customers . Given the sustained speed of growth in recent months , we may then also have to revise our Vision 2025. " MAIN SPONSOR BORUSSIA MÖNCHENGLADBACH Page 1 of 8