Error message

  • Deprecated function: Function create_function() is deprecated in eval() (line 1 of /home/dignumltd/domains/northern-observer.com/public_html/modules/php/php.module(80) : eval()'d code).
  • Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in menu_set_active_trail() (line 2405 of /home/dignumltd/domains/northern-observer.com/public_html/includes/menu.inc).

Flow Traders best quarter in Q1 2018

Contributor: Editorial, 24 April 2018

Electronic liquidity provider Flow Traders reported they had the best quarterly trading results in Q1 2018 with strong performance across all regions resulting in revenue of €213.2 million compared to €48.3 million in Q1 2017.

Operating profit, EBITDA, was €133.9 million, versus €18.2 million in Q1 2017, and net profit was €109.7 million, versus €13.6 million in Q1 2017. Earnings per share was €2.36 versus €0.29 for the same period last year.

Sjoerd Rietberg, Co-CEO, said "Flow Traders' Net Trading Income, NTI, delivered a sharply better performance compared to 3Q15, when we realized our previous record quarter. Market activity was much more concentrated in 1Q18 than in 3Q15. Going forward we will also inform the market about flows traded outside ETPs, as we further diversify our liquidity providing activities into asset classes like currencies. This means that revenue capture in ETPs as a metric is becoming less meaningful. We will continue to focus on maximizing our NTI growth from ETPs and other asset classes."

The company said its dividend policy remains unchanged with a pay out target of at least 50% of its net profit.

Related stories:

http://northern-observer.com/flow-traders-reports-2017

Name: 
Flow Traders NV
Turnover: 
€166.0 million
Employees: 
Location: 
Entity type: 
FLOW.AS