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Berliner Effektengesellschaft (BFV) investor relations material
Berliner Effektengesellschaft H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong growth in revenue and net income in the first half of 2026, driven by increased trading activity and high market volatility.
Transaction volume rose 31.7% year-over-year to 47.5 million, with trade volume up 15% to €281 billion.
Market conditions favored equities and ETFs, especially defense and AI-related stocks, attracting private investors.
Financial highlights
Net income for H1 2026 increased by €17.0 million year-over-year, reaching €43.5 million.
Earnings per share rose to €3.34 from €2.03 year-over-year.
Cost/income ratio improved to 51.14% from 65.17% year-over-year.
Net trading income grew 20.4% to €123.7 million compared to H1 2025.
Equity ratio increased to 60.58% from 55.07% year-over-year.
Outlook and guidance
Expectation of continued strong performance for the full year, though H2 margins may normalize as volatility subsides.
Market Making segment anticipated to surpass 2025 records in transaction count and volume.
No significant new risks anticipated for H2 2026; geopolitical volatility may sustain high trading volumes.
- Net income up 41% to €28.4m; cost/income ratio improves; €0.50 dividend proposed.BFV
H2 2024 - Strong H1 2024 growth in transactions and revenue, with improved outlook for the full year.BFV
H1 2024 - Net income rose 70% on surging trading activity and improved cost efficiency in H1 2025.BFV
H1 2025 - Net income surged 76% to €49.99 million on record trading volumes and improved margins.BFV
H2 2025
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