DGAP-News

flatexDEGIRO with brilliant start into a new era of online brokerage in Europe - Seite 3

At the end of September 2020, the number of flatexDEGIRO customers amounted to 1.16 million, an increase of more than 45 percent compared to 800 thousand customers reported in the previous year (pro forma).

Across Europe, the Group has benefited from strong customer growth over the course of 2020, a trend, which was most pronounced in spring 2020 but continued throughout summer and the third quarter. Compared to the start of the year, flatexDEGIRO had gained over 300 thousand new customers in the first nine months of 2020. Besides its core markets Germany, Austria and the Netherlands, the Group's growth was in particularly driven by strong growth in Spain and France, where flatexDEGIRO is striving for market leadership through highest customer and transaction growth.

flatexDEGIRO believes that several factors have positively influenced customer growth. Low to negative interest rates forced people to look for investment alternatives in order to protect their savings. Measures geared towards containing the spread of Covid-19 have led to a change in customer behavior: people across all European countries are spending significantly more time at home and are relying stronger than ever before on online services. Banking and especially online brokerage is no exception to this. In addition, with a reduced number of alternative activities, households are focusing more on administrative tasks such as financial planning, which generally gains in importance during times of increased risk perception. The long-term trend towards online banking and online brokerage has thereby been further accelerated.

Number of trades

	9M 2020	9M 2019	Change
Number of trades (pro forma)	53.97 m	23.11 m	+133.6%

The number of trades executed via flatexDEGIRO's platforms in the period from January to September 2020 increased pro forma by 133.6 percent to 53.97 million (9M 2019: 23.11 million). It was driven by strong customer growth and above average trading activity per customer.