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For immediate release - 20 April 2021 , 07:30 AM CEST FLOW TRADERS FLOW TRADERS Q121 TRADING UPDATE Amsterdam , the Netherlands - Flow Traders N.V. ( Euronext : FLOW ) announces its unaudited Q121 trading update Highlights • Market ETP Value Traded increased by 26 % quarter - on - quarter and decreased 15 % vs Q120 • Flow Traders ETP Value Traded increased 12 % quarter - on - quarter and decreased 6 % vs Q120 • • Flow Traders recorded NTI of € 142.2m in Q121 reflecting strong trading performance across the board . This compares to NTI of € 130.3m in Q420 and € 495.0m in Q120 Total operating expenses of € 63.0m incurred in Q121 which includes € 0.7m of one - off COVID - 19 and business continuity plan - related expenses 566 FTEs as at 31 March 2021 compared to 554 FTEs as at 31 December 2020 • • Q121 EBITDA reached € 79.3m with a margin of 56 % • Q121 Net Profit amounted to € 61.6m with basic EPS of € 1.39 • Regulatory Own Funds Requirement ( OFR ) as at 31 March 2021 was € 226m resulting in excess capital of € 190m as at 31 March 2021. Trading capital stood at € 755m at the end of the first quarter Completed € 25m share buyback announced in February 2021. Announces additional repurchase of shares of up to € 20m commencing on 20 April 2021 over a period of 12 months in connection with employee incentive plans Financial Overview € million Q121 Q420 Q121 Q120 Net Trading Income 142.2 130.3 142.2 495.0 EMEA ( Europe ) 81.4 93.9 81.4 304.9 Americas 38.8 22.0 38.8 149.0 APAC 22.1 14.3 22.1 41.0 Net Trading Income 142.2 130.3 142.2 495.0 Employee expenses * 47.0 20.4 47.0 154.9 Technology expenses 11.9 12.0 11.9 11.4 Other expenses 3.4 4.0 3.4 4.1 One - off expenses 0.7 3.4 0.7 0.9 Total Operating Expenses 63.0 39.8 63.0 171.2 EBITDA 79.3 90.5 79.3 323.7 Depreciation / Amortisation 3.7 3.7 3.7 3.6 Write offs , tangible assets Results subsidiaries Profit Before Tax Tax Net Profit Basic EPS ** ( € ) Fully diluted EPS *** ( € ) EBITDA margin 0.4 75.5 86.3 75.5 320.1 14.0 20.1 14.0 57.8 61.6 66.2 61.6 262.3 1.39 1.47 1.39 5.71 1.35 1.41 1.35 5.71 56 % 69 % 56 % 65 % * Q121 employee expenses not directly comparable with Q420 due to the accounting treatment of the new share plan which was implemented in Q420 . Fixed employee expenses were : Q121 - € 13.0m ; Q420 - € 11.9m ; Q120 - € 11.8m ** Weighted average shares outstanding : Q121 - 44,348,083 ; Q420-45,022,415 ; Q120 - 45,913,486 . 44,306,638 shares outstanding as at 31 March 2021 *** Determined by adjusting the basic EPS for the effects of all dilutive share - based payments to employees