Smartbroker Holding AG Boosts Financial Outlook for 2025

Smartbroker Holding AG has revised its financial guidance upward for 2025, highlighting robust growth. The company increased its revenue forecast to between 65 and 70 million euros, up from a previous estimate of 60 to 66 million euros. The operating EBITDA range is now expected to be between minus 1.5 million euros and plus 1.5 million euros, an improvement over the previous range of minus 3 million euros to zero.

This optimism stems from heightened customer trading activity and an expanding client base in the brokerage sector. Smartbroker has added nearly 80,000 new clients in the current year, with assets under custody surpassing 14 billion euros. The brokerage's platform, SMARTBROKER+, continues to enhance its offerings and has received several major awards.

While 2025 is deemed a transition year with strategic investments in growth, the expanded customer base and increased trading assure a positive outlook for 2026. As such, the price target has been modestly increased to 17.60 euros. This aligns with expectations of achieving significant improvements in recurring revenues and margins.