Netfonds beat expectations // Strong FY23 prelims; chg Netfonds reported strong FY23 prelims beating our expectations. Further, the company provided a new guidance for FY24 that remained rather vague for the moment. In detail: Gross sales came in at € 197m (+12% yoy), clearly above our estimate of € 191m. Key driver were the busines [ … ]

PRESS RELEASE Preliminary group result for the 2023 financial year   Dynamic growth and record sales of EUR 197 million  Gross consolidated sales: EUR 197.0 million (previous year: EUR 176.4 million, +11.7%) Net consolidated sales: EUR 37.0 million (previous year: EUR 33.6 million, +10.1%) EBITDA: EUR 6.2 million (previous year: EUR 6.5 million,  [ … ]

Favorable trends to materialize in 2024 Netfonds should strongly benefit from several favorable macroeconomic and structural trends in 2024: Strong dollar and equity capital markets close to all-time highs. With c. € 23.2bn AuC in FY23e (eNuW), Netfonds topline is obviously correlated to the overall capital markets development. The recen [ … ]

Strategic acquisition to improve profitability; chg Yesterday, Netfonds announced to have acquired a majority stake in “Meine Finanzkanzlei GmbH” (“MFK”) through its fully owned subsidiary NVS Netfonds Versicherungsservice AG. In detail: We assume that Netfonds has acquired a stake of 65-85% (eNuW) at a low to mid, sin [ … ]

PRESS RELEASE Strategic acquisition to further develop the insurance division and strengthen profitability Hamburg, 18. January 2024 - Netfonds (ISIN: DE000A1MME74) strengthens its insurance division by acquiring a majority stake in Meine Finanzkanzlei GmbH (MFK), Lengerich. Netfonds acquired the strategic majority stake through its fully owned sub [ … ]

FY23 guidance in reach after solid Q3 figures; chg Netfonds published solid Q3 figures with further sequential top and bottom line growth and confirmed its FY23 guidance. In detail: Gross sales came in at € 48.4m (21% yoy, 4% qoq), broadly in line with our estimate of € 49.0m. The sequential improvement is mainly driven by the stron [ … ]

PRESS RELEASESignificant growth momentum in the third quarter Accelerated growth in the third quarter of 2023 Strong business performance across all business divisions Scaling of the finfire platform is progressing successfully Hamburg, November 30, 2023 - Netfonds AG (ISIN: DE000A1MME74), a leading platform for administration, advisory and regul [ … ]