flatexDEGIRO Reports Third Quarter 2024 Earnings

flatexDEGIRO (ETR:FTK) Third Quarter 2024 Results

Key Financial Results

• Revenue: €111.6m (up 10.0% from 3Q 2023).
• Net income: €24.9m (up 21% from 3Q 2023).
• Profit margin: 22% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

flatexDEGIRO Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.

Performance of the German Capital Markets industry.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on flatexDEGIRO's balance sheet health.

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