flatexDEGIRO AG

  • WKN: FTG111
  • ISIN: DE000FTG1111
  • Land: Deutschland

Nachricht vom 30.11.2020 | 08:29

flatexDEGIRO initiates next growth phase in Germany

DGAP-News: flatexDEGIRO AG / Key word(s): Product Launch
30.11.2020 / 08:29
The issuer is solely responsible for the content of this announcement.

flatexDEGIRO initiates next growth phase in Germany

- New 'flatex next' app successfully launched in Germany

- Intuitive user interface and cognitive ease make online brokerage suitable for the masses

- Potential of 1-2 million new customers in new target segment

Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's largest retail online broker, is addressing an additional market potential of 1-2 million new customers in Germany with the launch of 'flatex next'. The modern user interface, intuitive processes and clear language will allow convenient access to stock investments and ETF savings plans. A wide marketing campaign with a very attractive offering to new customers will support the successful market launch of 'flatex next'.

"We are convinced: everyone deserves a return on investment, regardless of financial expertise and available time. With 'flatex next', we enable all customers to make their investment decisions in a convenient way on one of the most professional and secure platforms," explains Frank Niehage, CEO of flatexDEGIRO AG, the objective and customer benefit of 'flatex next'.
Within five minutes and without media discontinuity, new customers get access to a clearly arranged and independent product range consisting of shares and more than 1,000 funds and ETFs eligible for savings plans. As part of the new product, customers can invest in various sustainable and ESG compliant shares, ETFs, and mutual funds, categorized under the label 'flatex green'.

"The sponsorship of Borussia Mönchengladbach, which we started this season, provides us with the attention and brand awareness needed to address this new and much broader customer base in a focused manner with 'flatex next'. This puts us in a position to acquire several hundred thousand new customers every year without having to expand our exceptionally low customer acquisition costs. The combination of our new marketing and product strategy is the next big step towards our Vision 2025," says Muhamad Said Chahrour, CFO of flatexDEGIRO AG.

By 2025 flatexDEGIRO aims to service at least 1 percent of the eligible European population, thus more than 3 million customers. As a European brokerage powerhouse, flatexDEGIRO would then process over 100 million transactions per year - even in years with only average volatility.


Contact:

Achim Schreck Tel. +49 (0) 69 450001 0
Head of IR & Corporate Communications achim.schreck@flatexdegiro.com
flatexDEGIRO AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main

About flatexDEGIRO AG

flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest growing online brokerage businesses in Europe, executing millions of paperless securities transactions per annum. B2C customers in 18 European countries are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-house state-of-the-art technology.

With the acquisition of DEGIRO in July 2020 flatexDEGIRO became one of the largest online brokers in Europe with more than 1.2 million customers and 70 million securities transactions estimated for 2020. In a time of bank consolidation, low interest rates and digitalization, the flatexDEGIRO Group is thus ideally positioned for further growth. Until 2025 at the latest, flatexDEGIRO aims to win over 3 million customers and execute at least 100 million transactions per year - even in years with only average volatility.


Disclaimer

This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by flatexDEGIRO AG may substantially differ from these forward-looking statements. flatexDEGIRO assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.



30.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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