DGAP-News
flatexDEGIRO with brilliant start into a new era of online brokerage in Europe - Seite 2
Key events during the third quarter 2020
- flatexDEGIRO new sponsor of German football club Borussia Moenchengladbach
As of 1 July 2020 flatexDEGIRO is the new main sponsor of Borussia Moenchengladbach. On flatexDEGIRO's way to three million online trading customers in 18 European countries, the sponsoring is an essential cornerstone for increasing brand awareness. Borussia Moenchengladbach is one of the strongest brands in German football and internationally successful in the UEFA Champions League.
- Acquisition of DEGIRO closed, creating Europe's largest retail online broker
On 9 December 2019, the Supervisory Board of flatexDEGIRO approved the acquisition of Dutch online broker DeGiro B.V. (DEGIRO). The transaction was closed on 30 July 2020 and DEGIRO was consolidated into the Group as of 1 August 2020. As a result of the DEGIRO acquisition, flatexDEGIRO has expanded its presence to 18 European countries and diversified its customer base to more than 1 million customers. Management is keen and confident to harmonize the structures as much as possible to allow further growth and to manifest with flatexDEGIRO its position as the first and largest pan-European retail online brokerage business.
- Raised visibility due to up-listing to Prime Standard
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On 25 September 2020, the Company published its prospectus and subsequently applied for the admission to trading on the regulated market segment of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment thereof with additional post-admission obligations (Prime Standard). The up-listing was accomplished successfully on 23 October 2020. flatexDEGIRO assumes that its listing in the Prime Standard and the increasing visibility resulting from the expected inclusion in SDAX will enable investors to participate even better in the Company's operational scalability.
Financial position and performance
Number of customers
30 Sep 20 | 30 Sep 19* | Change | |
Number of customers | 1.16 m | 0.80 m | +45.5% |
*pro forma