flatexDEGIRO AG (0W89) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Fladex De Giro Q1 2025 analyst call. Please note this call is being recorded. For the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end. This can be done by pressing star 1 on your telephone keypad. I will now hand you over to Achim Schreck to begin today's conference. Please go ahead. Good morning, everyone. Many thanks for dialing in, and welcome to our analyst call relating to our Q1 2025 results, which we published yesterday evening post-market close. I'm Achim Schreck, and I'm heading the IR department here at Plastics de Giro, and with me today, I have our CEO, Oliver Behrens, as well as our CFO, Dr. Benon Janos, who will lead us through today's presentation. We also have with us Dr. Thomas Lindner, our Global Head of Finance, as well as my IR colleague, Laura Hecker. As usual, we would like to provide a short run through the presentation before we open up for your questions. Without any further ado, I'm very pleased to hand over now to Oliver. Please go ahead. The floor is yours. Thank you, Achim. Good morning, everyone, and welcome to the Q1 2025 analyst call. Benon will go into detail about the first quarter in a moment. I would just like to highlight a few key points. Q1 was our best quarter to date in terms of revenue and earnings. We increased revenues to Euros 146 million and net income to Euro 42 million. The increase in commission income by almost a third to 98 million is particularly noteworthy. However, this development should not really come as a surprise. Volatile markets always lead to high trading volumes, which is a value driver for any broker. What is probably more surprising is the fact that interest income remained almost stable at Euro 43 milli...