Financial Highlights 2024
Multitude AG, a European FinTech company, achieved a group profit of 20.2 million euros in 2024. This represents an increase of 23.1% compared to the previous year. The company has exceeded its forecasts for the fourth consecutive year.
- Revenue: Revenue increased by 14.4% to 263.7 million euros. This indicates continuous growth in business activities.
- EBIT: Earnings before interest and taxes (EBIT) rose by 48.5% to 67.6 million euros, demonstrating strong growth in operational performance.
- Operational Profit (EBITDA): EBITDA increased to 44.8 million euros.
- Receivables from Customers: These increased by 12.8% to 649.9 million euros, indicating an expansion of the lending business.
- Investments in Debt Instruments: These rose by 81.2% to 112.6 million euros, mainly driven by the expansion of the wholesale banking unit.
- Total Assets: Total assets grew by 10.9% to 1,098.7 million euros.
- Equity Ratio: This stood at 23.2%, highlighting solid financial management.
Strategic Developments
Multitude increased its stake in Lea Bank AB to 20.9%, becoming the largest shareholder. Additionally, the proposed dividend is 0.44 euros per share.
Profit Guidance for 2025 and 2026
The company has also confirmed its profit guidance for the years 2025 and 2026, indicating ongoing confidence in future development.
Overall, the positive development of Multitude in 2024 shows strong growth and a solid financial foundation, which may be of interest to private investors.