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4-Traders Homepage  >  Equities  >  Xetra  >  FinTech Group AG    FTK   DE000FTG1111

FINTECH GROUP AG (FTK)
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FinTech : publishes annual report 2017, prelims 2017 confirmed

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06/26/2018 | 08:05am CEST

DGAP-News: FinTech Group AG / Key word(s): Final Results
FinTech Group AG publishes annual report 2017, prelims 2017 confirmed

26.06.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


Corporate News / Frankfurt am Main, 26 June 2018
 

FinTech Group AG publishes annual report 2017, prelims 2017 confirmed
 

  • Top-line growth beats guidance: revenues +13% yoy to 107M EUR
  • Audited EBITDA of 32.1M EUR (+5% yoy) above prelim EBITDA of 31.7M EUR
  • Net profit +36% yoy to 16.8M EUR

Frankfurt, Germany -FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) published today the annual report 2017. The preliminary figures were confirmed, audited EBITDA in the amount of 32.1M EUR was above preliminary EBITDA (31.7M EUR).

The annual report is available on: https://www.fintechgroup.com/en/investor-relations/financial-information/


About FinTech Group AG:

FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, ticker: FTK.GR) is a modern smart bank:
We offer innovative financial technology, our own core banking system and a regulatory liability
umbrella. The online broker flatex, as a wholly-owned FinTech subsidiary, offers our advanced, in-house technology service at low cost. This makes flatex the fastest growing trading platform in Europe.

Our smart technology scales easily, which is why we successfully offer them to B2B customers.
For many well-known institutes as well as the state infrastructure we provide vital services. 
We help startups and business models who need a banking license through our white label banking to
achieve rapid success. 

As a smart bank, despite bank consolidation, low interest rates and digitization, we are ideally positioned for further growth and well on our way to becoming Europe's leading provider of financial
technology

 

Disclaimer

This release may contain forward-looking statements and information that use words such as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'seek', 'estimate', 'will' or similar Terms are recognizable. Such forward-looking statements are based on our current expectations and assumptions that may involve a number of risks and uncertainties. The actual results achieved by FinTech Group AG may differ significantly from the statements in the forward-looking statements. FinTech Group AG undertakes no obligation to update these forward-looking statements or to correct them in any other than expected development.


Contact:
Roman Kessler
Head of Communications
FinTech Group AG
Rotfeder-Ring 5
D-60327 Frankfurt/Main
+49 (0) 69 450001 041
[email protected]


26.06.2018 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.
Archive at www.dgap.de


Language: English
Company: FinTech Group AG
Rotfeder-Ring 5
60327 Frankfurt am Main
Germany
Phone: +49 (0) 69 450001 041
E-mail: [email protected]
Internet: www.fintechgroup.com
ISIN: DE000FTG1111, DE0005249601
WKN: FTG111
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

698565  26.06.2018 

fncls.ssp?fn=show_t_gif&application_id=698565&application_name=news&site_id=zonebourse

© EQS 2018
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Financials (€)
Sales 2018 125 M
EBIT 2018 39,2 M
Net income 2018 26,1 M
Finance 2018 101 M
Yield 2018 -
P/E ratio 2018 19,97
P/E ratio 2019 15,94
EV / Sales 2018 3,40x
EV / Sales 2019 2,86x
Capitalization 525 M
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Mean consensus BUY
Number of Analysts 4
Average target price 38,2 €
Spread / Average Target 28%
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Managers
NameTitle
Frank Niehage Chief Executive Officer
Martin Korbmacher Chairman-Supervisory Board
Muhamad Said Chahrour Chief Financial Officer
Stephan Simmang Chief Technology Officer
Stefan Müller Deputy Chairman-Supervisory Board
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