Admiral Markets Posts Financial Results for 2020

Admiral Markets, an award-winning Forex and CFD broker, has released its unaudited interim report for 2020, revealing a significant growth in net trading income.

Key ​Financial Highlights for 2020:

• Net trading income was EUR 47.1 million (2019: EUR 23.2 million)

• EBITDA was EUR 21.6 million (2019: EUR 5.8 million)

• EBITDA margin was 46% (2019: 25%)

• Net profit was EUR 20.3 million (2019: EUR 4.6 million)

• Net profit margin was 43% (2019: 20%)

• Cost to income ratio was 56% (2019: 83%)

• Value of trades up 68% to EUR 998 billion (2019: EUR 590 billion)

• Number of trades up 110% to 66.9 million (2019: 31.8 million)

​Commenting on these results, Sergei Bogatenkov, Chairman of the Management Board, said: "This year, 2021, Admiral Markets celebrates its 20th anniversary. It is a groundbreaking landmark not only for us, Admirals, but also for all the people and stakeholders who have been on this exciting journey with us. We are grateful for the lessons which have led us to become a successful global financial hub...20 years ago we were a Forex-and CFD-focused company. We wanted to be a global leader. Today, we already achieved that. Now, we are in the midst of remarkable expansion. We are on our way towards becoming an A-listed finance center...We continued to expand in regions, products, and world-class services. We outperformed our own targets and doubled our revenue. At the same time, we are developing talents and managing the global situation which affects us every day."