FLOW TRADERS Q4 2023 RESULTS
Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) announces its unaudited Q4 2023 results.
Highlights
Flow Traders recorded Normalized Net Trading Income of €72.8m and Normalized Total Income of €72.9m in Q423. For FY23, Normalized Total Income was €299.8m compared to €460.6m in FY22 given the overall decline in market activity over the year. Flow Traders’ Value Traded declined 5% y/y in Q423 and declined by 16% y/y in 2023 given the subdued market environment.Normalized Operating Expenses were €49.4m in Q423, with Normalized Fixed Operating Expenses of €40.4m. For FY23, Normalized Operating Expenses came in at €207.6m, down from €252.4m in FY22. Normalized Fixed Operating Expenses were €174.1m, up from €161.6m in 2022, and compared to the guidance of €175-185m.Normalized EBITDA was €23.4m in Q423, generating a Normalized EBITDA margin of 31%. For FY23, Normalized EBITDA totaled €92.2m, with a margin of 31%, down
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