flatexDEGIRO: 2021 forecasts revised upwards

(CercleFinance.com) – The German online broker flatexDEGIRO announced Thursday an increase in its forecasts for fiscal 2021 after having benefited from a first quarter deemed ‘remarkable’.

The specialist of the stock exchange on the Internet said to have attracted 360,000 new customers during the first three months of the year, a figure which brings its user base to some 1.6 million.

The ‘online’ broker continues to benefit from the enthusiasm for the stock market, with 33.6 million orders recorded in the first quarter, almost doubling compared to the 17.3 million transactions in the first quarter of 2020.

With these good figures, flatexDEGIRO now says it is targeting between 750,000 and 950,000 new customers this year, which would bring its customer base between two and 2.2 million users at the end of the year.

With, as a result, positive effects on turnover and profits for both 2021 and the years to follow, says the group.

On the Frankfurt Stock Exchange, the flatexDEGIRO share climbed more than 2% Thursday morning following these optimistic projections.

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