Admirals unveils record revenue for 2022
Admirals unveils record revenue for 2022
Admirals, an Estonian broker, announced a record amount of revenue and net profit in its financial report for 2022.
Admirals Group AS, which manages the Admirals brand, reported 69.0 million euros in revenue and 23.5 million euros in net profit for the fiscal year 2022. It is worth noting that the majority of revenue, approximately 87%, was generated in European markets. For example, the UK market returned 3%, while Australia returned 1%.
As for Admirals Group AS's active client base, it increased by 13% last year to 55,242 clients compared to 2021 and by 14% compared to 2020. The average number of trades per client was 1068, with net trading income rising 72% to €1249.
In 2022, the number of active accounts increased by 11% to 70,346 from 2021, and the number of new applications reached 151,116.
Admirals is a brokerage company that started its activities in 2001. The company's main advantage is its customer focus and high level of service quality. Admirals currently operates in over 40 countries around the world, with a cash turnover of up to 40 billion US dollars. The broker has received numerous prestigious titles and awards.
