DGAP-News
FinTech Group AG reaches 200,000 customers - Seite 2
white-label-banking", comments Frank Niehage, CEO of FinTech Group AG. "We
are firmly anchored in the B2C as well as in the B2B business. We expect a
positive development in the online brokerage activity, and our B2B business
is characterized by a high proportion of recurring revenues. In addition,
we want to expand our retail banking and open up the lending business".
He confirmed the target of 20 million EUR profit before interest, taxes,
amortization and depreciation (EBITDA) total for the year 2015, and a
target of 35 million EUR EBITDA for 2016.
For more information, please refer to the latest published consolidated
group management report:
http://www.fintechgroup.com/fileadmin/fintech/content/pdfs/2015/unternehme
nsberichte/fintechgroup_halbjahresfinanzbericht_2015_de.pdf (German
version, English version will be available soon at www.fintechgroup.com)
About FinTech Group:
FinTech Group AG is one of Europe's leading financial services technology
companies with two pillars: online retail banking and brokerage business
under own brands (B2C); and white label banking business for third parties
(B2B).
In the B2C segment, the business's core brand is FLATEX with approximately
150,000 private clients and assets under administration of approximately
EUR 4.8bn. The B2B business comprises XCOM Group (www.xcom.de), one of the
most successful providers of software and technology solutions for banks
and financial services companies in Europe, with more than 250 clients. The
XCOM subsidiary BIW Bank (www.biw-bank.de) is licensed by the German BaFin
to provide the full range of banking services and is affiliated to the
Deposit Insurance Fund (Einlagensicherungsfonds) of the Bundesverband
deutscher Banken e.V. (Federal Association of German Banks). For more than
20 years, XCOM Group has been one of the most important technology and
outsourcing partners of the German banking industry and today is also one
of the most successful partners of Germany's rising fintech industry.
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 FinTech Group AG
may substantially differ from these forward-looking statements. FinTech
Group AG assumes no obligation to update these forward-looking statements
or to correct them in case of developments which differ from those
anticipated.
Press contact:
FinTech Group AG
Roman Keßler
+49 (0) 69 450001-041
roman.kessler@fintechgroup.com
www.fintechgroup.com
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01.10.2015 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FinTech Group AG
E.-C.-Baumann-Str. 8a
95326 Kulmbach
Germany
Phone: 09221/952-0
Fax: 09221/6058234
E-mail: info@fintechgroup.com
Internet: www.fintechgroup.com
ISIN: DE0005249601
WKN: 524960
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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399125 01.10.2015
group management report:
http://www.fintechgroup.com/fileadmin/fintech/content/pdfs/2015/unternehme
nsberichte/fintechgroup_halbjahresfinanzbericht_2015_de.pdf (German
version, English version will be available soon at www.fintechgroup.com)
About FinTech Group:
FinTech Group AG is one of Europe's leading financial services technology
companies with two pillars: online retail banking and brokerage business
under own brands (B2C); and white label banking business for third parties
(B2B).
In the B2C segment, the business's core brand is FLATEX with approximately
150,000 private clients and assets under administration of approximately
EUR 4.8bn. The B2B business comprises XCOM Group (www.xcom.de), one of the
most successful providers of software and technology solutions for banks
and financial services companies in Europe, with more than 250 clients. The
XCOM subsidiary BIW Bank (www.biw-bank.de) is licensed by the German BaFin
to provide the full range of banking services and is affiliated to the
Deposit Insurance Fund (Einlagensicherungsfonds) of the Bundesverband
deutscher Banken e.V. (Federal Association of German Banks). For more than
20 years, XCOM Group has been one of the most important technology and
outsourcing partners of the German banking industry and today is also one
of the most successful partners of Germany's rising fintech industry.
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 FinTech Group AG
may substantially differ from these forward-looking statements. FinTech
Group AG assumes no obligation to update these forward-looking statements
or to correct them in case of developments which differ from those
anticipated.
Press contact:
FinTech Group AG
Roman Keßler
+49 (0) 69 450001-041
roman.kessler@fintechgroup.com
www.fintechgroup.com
---------------------------------------------------------------------
01.10.2015 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: FinTech Group AG
E.-C.-Baumann-Str. 8a
95326 Kulmbach
Germany
Phone: 09221/952-0
Fax: 09221/6058234
E-mail: info@fintechgroup.com
Internet: www.fintechgroup.com
ISIN: DE0005249601
WKN: 524960
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
---------------------------------------------------------------------
399125 01.10.2015