FNNTF - flatexDEGIRO: Earnings Rebound Supports Long-Term Growth Story

2024-05-09 12:44:47 ET

Summary

• flatexDEGIRO reported positive earnings growth in Q1 2024, with revenues up 25% YoY and net interest income up 65% YoY.
• The company's customer growth and lower marketing expenses contribute to its strong earnings growth.
• flatexDEGIRO expects to continue its positive operating momentum, with guidance to grow revenues by 5-15% YoY and net income by 25-50% YoY.

flatexDEGIRO ( FNNTF ) has reported positive earnings growth in the first quarter of the year, showing positive operating trends after a slowdown during the past couple of years. Despite that, its shares continue to trade at a relatively undemanding valuation, making it a good growth play in the European financial sector....

For further details see: