Press office

Choose a Year 2025  (5) 2024  (4) 2023  (4) 2022  (4) 2021  (6) 2020  (4) 2019  (4) 2018  (6) 2017  (6) 2016  (6)

• 2016.11.14
  XTB financial results for the 3rd quarter of 2016
  Przeczytaj

  In the 3rd quarter of 2016 X- Trade Brokers Dom Maklerski recorded PLN 4,24 million of consolidated net profit attributable to shareholders of the Parent Company, in comparison to PLN 50,94 million recorded in the same period of 2015. Profit on operating activities amounted to PLN 8,42 million as compared to PLN 60,95 million y/y. Consolidated operating income reached the level of PLN 42,80 million in the 3rd quarter of 2016 as compared to PLN 95,70 million y/y. Cumulatively for the three quarters of 2016 the Group generated the consolidated net profit attributable to shareholders of the Parent Company of PLN 27,29 million as compared to PLN 102,53 million y/y. Consolidated operating income for the three quarters reached PLN 156,62 million as compared to PLN 225,19 million y/y.

   
  The 3rd quarter of 2016, analogously to the 2nd quarter, was a period free from the unexpected and extraordinary market events or strong long-term trends. The clearly lower volatility observed in the nine-month period of 2016, in comparison to the same period of the previous year, created fewer investment opportunities to the XTB clients. As a consequence, XTB as well as its competitors with the same business profile, experienced decrease in turnover of financial instruments and hence a drop in the Group revenues.

   
  An important event in the 2016 was Brexit, i.e. voting of Great Britain on possible exit or remaining of the country within the European Union. Thanks to the precautionary actions undertaken by the financial markets, volatility on the markets caused by the referendum did not repeat the scenario from January last year, when excessive market volatility was recorded as a result of an unexpected SNB decision to discontinue the policy of defending the CHF exchange rate. Preparing to the voting, the Group raised minimal deposits on instruments exposed to sharp movements (currency pairs with GBP, European indices). This action was undertaken in order to limit the clients’ exposure to the above mentioned instruments and this goal was achieved.

   
  In spite of the limited market volatility observed during the current year (which resulted in lower average operating income per active account y/y), XTB consequently builds up clients base for future growth. The number of new accounts and average number of active accounts is growing in the subsequent quarters of 2016. In the 3rd quarter of the year the number of new accounts increased by 20% y/y and average number of active accounts increased by 10% y/y. The Management Board believes that increasing number of new and active accounts and a strong brand in combination with more favorably market volatility are solid foundations for future growth.

• 2016.08.26
  XTB DM S.A. announces financial results for the first half year 2016
  Przeczytaj

  Unlike the 2015 Swiss Franc depegging, this year’s first six months have not been influenced by unexpected market events. Regardless, results for first quarter of 2016 has remained at appropriately high level. It is the second quarter of 2016 that brought attention to the increasing complexity of client vs. market correlations. In the first three months the Group has accomplished the expected level of key performance indicators (KPI). In the institutional segment new liquidity contracts have been put into action and the spectrum of business customers enlarged. On the retail side, the performance remained at similar levels compared to the previous year. In the second quarter of 2016 the Group’s results have been influenced by the range trading, growth of markets supported by low interest rates commitment.

   

  Combination of all these factors have resulted not only in the drop of financial instruments volume traded in lots, but also in lower responsiveness to marketing activities. Growth, compared to the first half of 2015, has been 10,1% in case of active accounts and the total amount of open accounts has hit 25,6% increase. Despite this, the volume traded among our retail and business partners has dropped by 15,8%, and resulted in 6,3% decrease in total deposits. According to our retail marketing communication strategy, we have engaged in global branding campaign using an actor, Mads Mikkelsen. Admittedly, the creation of such campaign has resulted in significant increase of marketing expenses.

   

  What is more, in the second quarter of 2016 we have all witnessed historical vote of the United Kingdom, placing it onto the road of leaving the European Union. Brexit has been a very well covered and expected event on the markets, followed by the whole world, causing a market stir, but didn’t follow the same scenario as we have seen in January last year.

• 2016.05.16
  XTB financial results for the 1st quarter of 2016
  Przeczytaj

  In the 1^st quarter of 2016 X-Trade Brokers Dom Maklerski S.A. („XTB”) Group generated operating income and net profit of PLN 82.8 million and PLN 31.9 million, respectively, which resulted in EBITDA margin and net profit margin reaching 52.8% and 38.5%, respectively. These very good results were generated mainly due to the increase in the average number of active accounts and high volatility on the markets recorded in January and February 2016.

   

   

  The net profit generated by the Group in the 1^st quarter of 2016 was higher than the average quarterly level in 2015 by PLN 2.1 million, i.e. 7.1%. Moreover, it was higher than in the 4^th quarter of 2015 and lower than in the 1^st quarter of 2015, when the markets experienced more than average volatility arising, among others, from the unpegging of the exchange rate of the Swiss franc against the euro and the ECB initiating a quantitative easing (QE) programme.

   

   

  In the retail operations segment the average number of active accounts increased by more than a thousand, from 15,045 as at the end of 2015 up to 16,052 as at the end of the 1^st quarter of 2016. This was, among others, due to introducing new trading instruments to the Group’s portfolio, as well as improving the quality and competitiveness of the services performed.

   

   

  In the institutional operations segment (X Open Hub) the net profit increased by 103.5%, from PLN 3.9 million in the 1^st quarter of 2015 up to PLN 8.0 million in the 1^st quarter of 2016. The Management Board of XTB believes that the institutional operations segment has a great growth potential and that its share in the Group’s operating income shall increase within the next few years.

• 2016.05.06
  X-Trade Brokers DM S.A. listed on the Warsaw Stock Exchange
  Przeczytaj

  X-Trade Brokers Dom Maklerski S.A. (“XTB” or the “Company”), an international provider of trading and investment products in the OTC (over-the-counter) market, has joined the group of companies listed on the main market of the Warsaw Stock Exchange.

   

  Today, at 9:00 a.m. XTB representatives hit the stock exchange bell and symbolically started trading shares of the Company on the WSE – 117,383,635 XTB shares in total had been introduced for trading on the main market of the WSE. In the initial public offering 16,433,709 shares were sold and the sale price was set at PLN 11.5 per share, which means the total value of the public offering of around PLN 189 million and the total market capitalization of XTB of around PLN 1.35 billion.

   

  Joining the group of companies listed on the Warsaw Stock Exchange is a major part of our long-term business strategy. From today on our competitive strengths, such as the state-of-the-art technology and the diversified and constantly developing range of products and services, are being joined by yet another virtue much appreciated by our clients: transparency of our business model and financials. We hope that both existing and new shareholders will follow our further growth with interest, enjoying every success increasing the company’s value – said Jakub Maly, President of the Management Board of X-Trade Brokers Dom Maklerski S.A.

• 2016.04.18
  X-Trade Brokers IPO press conference
  Przeczytaj

• 2016.04.14
  X-Trade Brokers Dom Maklerski S.A. has published the prospectus
  Przeczytaj

  X-Trade Brokers Dom Maklerski S.A. (“XTB” or the “Company” and together with its subsidiaries the “Group” or the “XTB Group”), an international provider of trading and investment products in the OTC (over-the-counter) market has published the prospectus prepared in relation to the initial public offering of the Company’s shares.

  The initial public offering (the “Offering”) will consist of an offering of up to 16,433,709 existing shares by XXZW Investment Group S.A. (“XXZW”), an entity directly controlled by one of XTB’s founders, representing up to 14% of the share capital and the total number of votes at the General Meeting of the Company. The Offering comprises a public offering to retail and institutional investors in Poland, and a private placement to international institutional investors outside of Poland and of the United States of America who are not, and who are not acting for the account or benefit of, U.S. persons, in reliance on Regulation S (“Regulation S”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and to “Qualified Institutional Buyers” in the United States of America pursuant to and subject to the requirements of Rule 144A of the Securities Act (which Qualified Institutional Buyers are also “Qualified Purchasers” as defined in, and pursuant to the rules promulgated under, Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended). It is contemplated that approximately 10% to 15% of the shares in the Offering will be offered to retail investors in Poland.

  J.P. Morgan Securities plc is the Global Coordinator and Joint Bookrunner, Pekao Investment Banking S.A. is a Joint Bookrunner and the Offering Agent and UniCredit Bank AG, London Branch and IPOPEMA Securities S.A. are Joint Bookrunners. Subscriptions for Retail Investors in: CDM Pekao S.A., DM Pekao S.A., DM mBanku S.A., BZ WBK, BM Alior Banku S.A., DM Banku BPS S.A., DM Banku Ochrony Środowiska S.A., ING Bank Śląski, DI Xelion S.A, Ipopema.