DGAP-News
FinTech Group AG reaches 200,000 customers
DGAP-News: FinTech Group AG / Key word(s): Miscellaneous
FinTech Group AG reaches 200,000 customers
01.10.2015 / 08:07
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FinTech Group AG reaches 200,000 customers
- Number of customers rises to 200,000 by the end of June 2015 (previous
year: approx. 130,200)
- Managed assets (AUA) 5.7 billion EUR (previous year: 3.72 billion EUR)
- Group-wide securities transactions amount to 4.8 million EUR (Previous
year: 2.9 million)
- FinTech Group AG published group management report for the first half of
the year 2015
Frankfurt - FinTech Group AG (WKN 524 960, ISIN: DE0005249601, FLA.GR) has
in the first half of 2015 become one of the most important companies for
innovative financial services in Germany. According to the current group
management report, the subsidiaries of the group now reached a total of
200,000 customers, an increase by more than 50 percent in comparison to the
first half of the year 2014, when the group still served around 130,200
customers.
The reason for the sharp increase is the high number of new customers for
the online broker flatex as well as the integration of the technology
provider XCOM AG, and the biw Bank für Investments und Wertpapiere AG,
which were both consolidated for the first time in the second quarter.
One-fifth of the customers (almost 40,000) receive backend services from
companies of FinTech Group for other well-known banks - often without
appearing actively (known as "White-Label-Banking").
The other key performance figures of FinTech Group increased significantly
as well: The managed assets (Assets under Administration) grew by more than
50 percent to 5.68 billion EUR from 3.72 billion EUR by June 30th, 2014. In
addition, 4.8 million EUR in securities transactions were settled within
the Group, an increase of two-thirds compared to the first half of 2014,
where securities transaction amounting to 2.0 billion Euro were transacted.
FinTech Group managed to benefit from the continued volatility in the stock
markets.
The earnings before interest, taxes, amortization and depreciation (EBITDA)
in the first six month rose - as announced by end of August - to 11.8
million EUR (same period prev. year: loss amounting to 4.2 million).
Positive earnings and favorable developments in existing as well as new
business units were crucial for this turnaround.
"We have come a lot closer to our medium-term goal of becoming the leading
financial technology company in Europe. Today in Germany FinTech Group AG
is one of the most important providers in the Online-Brokerage Software and
IT industry, as well as in the areas of financial services and