FLOW TRADERS Q323 TRADING UPDATE
Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) announces its unaudited Q323 trading update.
Highlights
Flow Traders recorded Normalized Net Trading Income of €67.6m and Normalized Total Income of €68.0m in Q323. Flow Traders’ ETP Value Traded declined 18% y/y given the decline in the overall market trading environment. Normalized Operating Expenses were €52.1m in Q323, with Normalized Fixed Operating Expenses of €46.7m.Flow Traders employed 658 FTEs at the end of Q323, compared to 653 at the end of Q223.Normalized EBITDA in Q323 came in at €15.9m, generating a Normalized EBITDA margin of 23%.Q323 Normalized Net Profit was €9.4m, with Normalized basic EPS of €0.22. Trading capital stood at €585m at the end of the quarter, up from €574m at the end of Q223 and generating a 59% return on trading capital1.Shareholders’ equity was €590m at the end of the quarter, up from €586m at the end of Q223.
Financial Ove
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