wallstreet:online AG: Audited consolidated financial statements 2020 confirm strong and profitable growth

wallstreet:online AG: Audited consolidated financial statements 2020 confirm strong and profitable growth

- Consolidated sales revenues 2020 in the amount of EUR 28.2 million; consolidated net income for the year at EUR 3.6 million
- Company publishes for the first time consolidated financial statements against the backdrop of its sustained growth

Berlin, 11 June 2021

wallstreet:online AG (ISIN DE000A2GS609) has published its audited business figures for 2020. wallstreet:online AG publishes for the first time consolidated financial statements for the year 2020 on a voluntary basis against the backdrop of its sustained growth. Both the consolidated and the single-entity financial statements confirm the profitable growth during the past fiscal year. The company was able to more than double total sales revenues throughout the Group versus prior year. The value for fiscal 2020 is around EUR 28.2 million (preliminary press release of 25 February 2021: EUR 28 million) after EUR 12.3 million a year before. The consolidated net income for the year added up to EUR 3.6 million during the past fiscal year. The operating EBITDA before new customer acquisition costs at the Smartbroker amounted to EUR 12.1 million (preliminary press release: EUR 11.9 million); after new customer acquisition costs of EUR 7.6 million it amounted to EUR 4.5 million.

Sales revenues in the Social & Media business significantly increased

The Social & Media business line includes the portals wallstreet-online.de, finanznachrichten.de, boersennews.de and ariva.de with the related websites, forums, communities and mobile apps. Moreover, the B2B media business is part of this segment. The user numbers and reach were increased during the past fiscal year until the end of the year by almost 42 percent versus prior year, namely to 347 million page impressions. Higher reaches and the launch of innovative advertising formats results in a significant rise in segment revenues to EUR 26.9 million.

Apart from the Social & Media segment, the Online Brokerage business was massively expanded following the success of the Smartbroker. Between the market launch on 19 December 2019 and 31 December 2020 more than 80,000 securities accounts were opened, so that the number of new customers was significantly above expectations. The transformation of the company into a modern, digital financial institution and online broker with integrated financial communities was successfully initiated during the reporting period and will also be a growth driver of the company in the long term.

Smartbroker as a long-term growth driver

wallstreet:online capital AG (WOC) was consolidated at equity in fiscal 2020. Based on the planned topping up of the shareholding of wallstreet:online AG in WOC to more than 95 percent, which is planned for the current fiscal year, subject to the approval of BaFin (Federal Financial Supervisory Authority), WOC will be fully consolidated from 2021 onwards.

Matthias Hach, CEO of wallstreet:online AG on the consolidated financial statements presented today: "In fiscal 2020 we recorded a strong growth, both organically and inorganically. With the combination of the Portal business on the one hand and the Online Brokerage on the other hand, we have created a unique business model, which works already perfectly well. During the coming months we will successively step up the Smartbroker offer, including, for instance, a smartphone app and trading in crypto currencies. Furthermore, we will implement a comprehensive revamping of our website and trading surface. I am convinced that we are very well positioned for this next stage - both in terms of staffing and finance."

Against the backdrop of the constant growth course, the company anticipates a dynamic development for the current fiscal year as well. In fiscal 2021 wallstreet:online AG intends to increase its consolidated sales revenues of 2020 once more considerably by almost 70 percent to EUR 45 to 50 million^[1]. The operating EBITDA before new customer acquisition costs is planned for the current fiscal year 2021 with EUR 16.5 to 18.5 million; after new customer acquisition costs in the amount of EUR 12.5 million, it will amount to EUR 4.0 to EUR 6.0 million.

Smartbroker is to be developed into Germany's leading online broker

Customer growth is likewise to continue to develop dynamically. The company currently anticipates a 50 percent rise versus prior year. According to the forecast, the Smartbroker is to grow to a total of 200,000 customers by the end of 2021. The company's own online broker is already now, according to some industry portals, in terms of number of customers, the clear number two among the German neo-brokers. In this connection the high amount of more than EUR 6 billion of assets under management compared to the competitors should be mentioned.

The complete and audited financial statements and consolidated financial statements 2020 according to German GAAP (HGB) have been published on the website https://www.wallstreet-online.ag/websites/wallstreetonline/German/3100/jahresberichte.html, where they are publicly accessible.

About the wallstreet:online Group:

The wallstreet:online Group operates the Smartbroker - a multiple award-winning online broker, which is the only provider in Germany to combine the extensive product range of traditional brokers with the extremely favourable conditions of neo-brokers and permits a free-of-charge access to the capital market. With more than 190,000 securities account holders and assets under management of more than EUR 6 billion, the Berlin-based financial services provider ranges already 18 months after the launch of the Smartbroker among the leading providers on the market. wallstreet:online AG (ISIN: DE000A2GS609) and its subsidiaries can rely on 20 years of experience in the sale of investment products; at the same time the company operates four high-reach stock market portals (wallstreet-online.de, boersenNews.de, FinanzNachrichten.de and ARIVA.de). With around 455 million page impressions (status 2/2021), the Group is the by far largest publisher-independent financial portal operator in German-speaking countries and at the same time the number one finance community. In the forums of wallstreet-online.de alone more than 500,000 users are registered.

Press contact:

Felix Rentzsch
Press Spokesperson of the wallstreet:online Group
Mobile: +49176 4165 0721
Email: f.rentzsch@wallstreet-online.de
URL: https://www.wallstreet-online.ag

Financial press and Investor Relations:

edicto GmbH
Ralf Droz / Svenja Liebig
Telephone: +49 69 905505 56
wallstreet-online@edicto.de

^[1]Assuming the full consolidation of wallstreet:online capital AG. The total shareholding of the company in wallstreet:online capital AG is to exceed the threshold of 95 percent in future. The acquisition of the shareholding is currently still subject to the reservation of the conduct of an ownership control procedure by BaFin in accordance with § 2c German Banking Act.