Q4 2022 flatexDEGIRO AG Preliminary Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of flatexDEGIRO. At our customer's request, this conference will be recorded. (Operator Instructions)
And now I hand you over to company CEO who will lead you through this conference. Please go ahead, sir.
Good morning everyone, and a warm welcome to our preliminary earnings call '21. Today, I'm very proud to show you very impressive KPIs. Not only that revenues were up 60% last year, both EBITDA and client goals were up 55%. But the most impressive KPI last year was that, we increased the revenues per trade, especially in Q4, and that amounted to EUR 5.22. Why is that so important to highlight? I think it proves that DEGIRO Goes Zero, our very massive initiative which we started last quarter last year, proved to be right. For those of you who might not recall exactly what we did, we lowered the fee in 80 markets to 0, and we increased at the same time the FX margin by 15%, and that proves now, that profitability per trade
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