XTB financial results EUR 152.7 mn net profit after three quarters

XTB financial results EUR 152.7 mn net profit after three quarters

XTB has just presented its preliminary financial results for the third quarter of 2022. During this period, the company generated a consolidated net profit of 49.4 EUR million. As in previous quarters, the factors influencing the level of XTB’s results were the still high volatility on the financial and commodity markets and the systematically growing customer base.

In the third quarter of 2022, XTB generated a net profit of EUR 49.4 million compared to EUR 22.8 million in the third quarter of 2021. In total, after three quarters of 2022, the net profit of XTB amounts to EUR 152.7 million, which is four times more than in the same period of the previous year (EUR 37.1 million). Operating revenues recorded in the third quarter of 2022 reached the value of EUR 81.9 million, almost twice as high as in the third quarter of 2021 (EUR 43.7 million). In turn, the operating costs amounted to EUR 27.7 million (in Q3 2021: EUR 18.5 million).

In the third quarter of 2022, XTB acquired 44.8 thousand customers, which together with the results from the previous quarters of this year gave over 145.8 thousand new customers at the end of September. Thus, in each of the three quarters, the company met its commitment of acquiring at least on average 40,000 new clients quarterly. The total number of customers at the end of the third quarter exceeded 567.4 thousand. An important indicator influencing the result is the average number of active clients – in Q3 it amounted to 151.7 thousand. compared to 110.9 thousand in the same period of the previous year and an average of 112 thousands throughout 2021. This translated into an increase in the volume of trading on CFD instruments expressed in lots – in the third quarter it amounted to 1.595 million lots compared to 1.044 million in the corresponding period of 2021 (increase by 52.7%). Profitability per lot increased by 28.1%. The value of customer net deposits also increased by 42.5% (from EUR 120.7 million in the third quarter of 2021 to EUR 163.6 million in the third quarter of 2022).

– The situation on the energy market influencing the prices of energy commodities, high inflation and volatility in the currency market are just some of the factors that encouraged customers to actively seek investment opportunities on financial markets. This is confirmed by income from different types of assets. In such circumstances, we can see the effects of systematic building of the base of our clients, who conclude more transactions in the period of higher volatility. The effect of this, as in previous quarters, is also higher profitability – comments Omar Arnaout, CEO of XTB.

When it comes to XTB’s revenues in terms of the classes of instruments responsible for its creation, in the third quarter of 2022, indices-based CFDs were the most profitable. Its share in the structure of revenues from financial instruments reached 37.6%. This is a consequence of high profitability on contracts based on the US 100, WIG20, DAX (DE30) and US 500 indices. The second most profitable asset class were CFDs based on currencies, with a 31.0% share in the revenue structure in the third quarter of 2022. Revenues on CFDs based on commodities accounted for 27.7% of all revenues, and the leading instruments in this class were contracts based on gold, oil and natural gas prices.

The operating costs in the third quarter of 2022 amounted to EUR 27.7 million and were by EUR 9.2 million higher than in the comparable period (Q3 2021: EUR 18.5 million). The most important items were the costs of salaries and employee benefits, being the result of the company’s continuous development and thus employment growth, as well as marketing costs resulting from promotional activities. In September, XTB launched a global marketing campaign with new brand ambassador Conor McGregor, one of the world’s most successful and recognized martial arts fighters and one of the world’s highest-paid athletes. Fintech, in line with its strategy, is constantly working on improving its offer – in the third quarter it introduced, among others, contracts for 30 new cryptocurrencies, it also adapted its offer of real stocks and ETFs to the requirements of customers, expanding it by over 65 instruments. To make it easier for clients to build and balance the components of their investment portfolios, XTB also lowered the minimum order value for stocks and ETFs.

Acquisition data show that the number of our clients is systematically growing, which was one of our main goals for this year. The development of technology makes investing more and more accessible and common. That is why we constantly modify our offer and introduce changes, which are to increase the interest in our services for both new and existing customers. Additionally, we intensified our advertising campaigns with our brand ambassadors. Thanks to this, from quarter to quarter we are consistently strengthening our position on the market of global investment companies – adds Omar Arnaout.

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Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

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