EQS-News

Multitude SE with continued strong growth at the start of 2024: EBIT increases by 31 percent to EUR 11.6 million

EQS-News: Multitude SE / Key word(s): Quarter Results Multitude SE with continued strong growth at the start of 2024: EBIT increases by 31 percent to EUR 11.6 million  (news with additional features) 16.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Multitude SE with continued strong growth at the start of 2024: EBIT increases by 31 percent to EUR 11.6 million

Key takeaways: 

• Significant EBIT growth of 31.0% to EUR 11.6 million compared to the same period of the previous year
• Revenue increases by 18.3% to EUR 64.2 million
• Consolidated net profit increases by 13.0% to EUR 2.6 million,
  EPS by 48.8% to EUR 0.07
• Multitude SE strengthens market position with the acquisition of Omniveta's business
• On track to achieve EBIT forecast of EUR 67.5 million in 2024

Helsinki, 16 May 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) has published its quarterly figures for Q1 2024, which show a continued positive development in all business units Consumer banking (Ferratum), SME banking (CapitalBox)  and Wholesale banking (Multitude Bank).

Key figures, EUR million	Q1 2024	Q1 2023*	% change
Interest income	64.2	54.2	+18.3
Net interest Income	55.6	50.3	+10.5
Profit before interest expense and taxes (EBIT)	11.6	8.9	+31.0
Profit for the period	2.6	2.3	+13.0

*numbers are restated as of Q1 2023