– Net Income jumps 55% to €112 million, surpassing forecasts
– Revenue climbs 23% to €480 million, driven by commissions and interest
– 421,000 new accounts push customer base to 3.1 million
Frankfurt, Germany — flatexDEGIRO, one of Europe’s top online brokers, posted its strongest annual results in company history in 2024. Net income surged 55% to €112 million, exceeding its own projections. Revenue rose 23% to €480 million, fueled by a 20% rise in commission income (€282 million) and a 32% jump in interest income (€180 million).
The firm added 421,000 new customer accounts, bringing its total to 3.1 million, with net cash inflows reaching €6.6 billion. CEO Oliver Behrens outlined three strategic priorities: expanding the customer base, launching new products and services, and improving operational efficiency.
Growth Strategy and Outlook
Looking ahead, flatexDEGIRO aims to grow revenue to approximately €650 million and net income to around €200 million by 2027. The company sees strong tailwinds from brokerage activity and high interest rates, which boosted 2024 earnings.
“We aim to build on this momentum and establish ourselves as Europe’s leading investment platform,” said Behrens.