Solid Q1 figures // FY24 guidance approved; chg Yesterday, Multitude reported Q1´24 figures above expectations, but still with room for sequential improvements until YE. In detail: Sales of € 64.2m (10% yoy, 1% qoq), was above the anticipated € 59.0m, mainly driven by the stronger growth of the net loan book (NAR) to € 65 [ … ]

Solid Q1 figures ahead // Multitude to continue on growth path On Thursday, Multitude will report Q1´24 figures that should come in solid, but with room for sequential improvements until YE. Here is what to expect: Sales should come in at € 59m (+9% yoy, -6% qoq), mainly driven by the strong growth of the net loan book (NAR) to &eu [ … ]

FY23 final figures in line // Strong FY24 ahead; chg. Multitude recently reported final figures for FY23 that were in line with prelims. Management also confirmed its FY24 EBIT guidance of € 67.5m. In detail: Sales came in at € 230.5m (+9% yoy vs eNuW old: 228m), driven by the strong growth of the net loan book (NAR) to € 636m  [ … ]

Strong Q4 figures // Bullish FY24 guidance confirmed; chg End of last week, Multitude reported a very strong set of Q4 figures and confirmed its FY24 EBIT guidance of € 67.5m. In detail: Sales came in at € 63.1m, up 9% qoq and 15% yoy, slightly above our estimates of € 60.4m (eNuW; restated to reflect directly attributable CAC) [ … ]

Small value-accretive acquisition through CapitalBox; chg Yesterday, Multitude announced to have acquired the Danish factoring specialist Omniveta Finance through its SME unit CapitalBox. Last week, CapitalBox also launched a new collateral lending product. In detail: Value-accretive acquisition. Founded in 2012, Omniveta is a factoring speci [ … ]

With full speed into 2024 After two years of delivering significant EBIT growth, we expect Multitude to continue on its growth path and remain on track to meet the new guidance for FY26 of € 30m net income. Here is why: Demand for loans to remain undebatable high. According to a survey of EY, consumer loans and corporate loans in the Eur [ … ]

With full speed into 2024 After two years of delivering significant EBIT growth, we expect Multitude to continue on its growth path and remain on track to meet the new guidance for FY26 of € 30m net income. Here is why: Demand for loans to remain undebatable high. According to a survey of EY, consumer loans and corporate loans in the Eur [ … ]

Leaner business structure and new guidance; chg During yesterday´s CMD, Multitude unveiled its new, regrouped business tribes as well as a new net income guidance for 2026 that should be well in reach. New tribe “Wholesale Banking” introduced. The wholesale business, that was previously grouped under SweepBank, should deal w [ … ]

Solid Q3 // Fully on track to reach guidance; chg Yesterday, Multitude published Q3´23 figures. While current trading remained solid, the ongoing tight cost control is bearing fruit, visible in the ongoing strong bottom line: Sales came in at € 57.9m (4% qoq, 7% yoy) is broadly in line with our estimates of € 58.9m, driven by  [ … ]