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FinTech Group (FTK)

Business description

FinTech Group (FTG) is an integrated online brokerage business. It is divided into two business areas – a technology business and a financial services business that includes a bank and a brokerage business.

Stock data

Market cap.€499.1m
Last close€28.50
High / Low (52 weeks)€35.8 / €20.3
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(1.6)(0.4)40.7
Relative *(1.9)0.342.7

* % Relative to local index

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Company news

Investment summary

FinTech Group (FTG) has announced a landmark 50/50 banking joint venture with Austrian Post (VIE: POST, market cap c €2.4bn) where FTG is supplying the technology while Post offers its established infrastructure. The deal creates a new growth arm for FTG that is expected to break even in 2022 and could act as a blueprint for similar deals in other countries. Meanwhile, H1 results were in line with expectations as margins benefited from strong growth in broking volumes. If FTG can meet its objective of generating €35m net income from the joint venture with Post by 2025, it would provide significant upside in the shares for the cost of the 7% dilution in the capital increase that has funded the deal.

Last updated on 25/09/2018

Key management

Frank Niehage, CEO
Muhamad Said Chahrour, CFO
Roman Kessler, Head of Corporate Communications

Company address

Rotfeder-Ring 5
Frankfurt am Main
60327
Germany
+49 (0) 9221 7035 236
View website