#FLOW #TRADERS #Q322 #TRADING #UPDATE
FLOW TRADERS Q322 TRADING UPDATE
Amsterdam, the Netherlands – Flow Traders N.V. (Euronext: FLOW) announces its unaudited Q322 trading update.
Highlights
- Flow Traders recorded Normalized total income of €112.2m in Q322 comprising Normalized NTI of €111.7m reflecting a more active fixed income market and trading environment and Normalized other income of €0.4m derived from the strategic investments portfolio. YTD 9m22 Normalized total income was €346.7m vs €304.1m in YTD 9m21
- Flow Traders Value Traded was flat quarter-on-quarter whereas the overall ETP market was down as increases in fixed income and currency, crypto and commodity trading were offset by lower equity trading, highlighting the success of the trading diversification strategy
- Normalized operating expenses of €63.3m incurred in Q322 contributing to YTD 9m22 Normalized operating expenses of €186.7m. 16.5% year-on-year increase in fixed operating expenses when adjusted for effect of USD strengthening and targeted base compensation increases
- Normalized employee expenses reflect increased variable remuneration due to an improved operating result, impact of strategic headcount growth and the full effect of the targeted base compensation increases
- 639 FTEs as at 30 September 2022 compared to 611 FTEs as at 30 June 2022 – new graduate intake classes welcomed in Trading and Technology in September
- Normalized EBITDA in Q322 reached €48.8m representing a margin of 44% contributing to YTD 9m22 Normalized EBITDA of €159.9m with a margin of 47%
- Q322 Normalized net profit amounted to €34.5m with Normalized basic EPS of €0.79. YTD 9m22 Normalized net profit amounted to €116.6m with Normalized basic EPS of €2.67
- Regulatory Own Funds Requirement (OFR) as at 30 September 2022 was €323m, resulting in excess capital of €228m as at 30 September 2022. Trading capital stood at €634m at the end of the third quarter
- Existing share buyback program of up to €25m increased by a further €15m for…
