Multitude Group Announces Strong Financial Performance in 2023 Annual Report

Multitude Group, a leading European FinTech company, has released its Annual Report for the year ended 31 December 2023, showcasing significant growth and financial achievements. The report highlights a 44.8% increase in EBIT to EUR 45.6 million and an 8.5% rise in revenue reaching EUR 230.5 million. Net profit also saw a substantial boost, jumping to EUR 16.4 million with basic earnings per share at EUR 0.51.

The company has also reported a 20.8% increase in loans to customers and debt investments, resulting in a total of EUR 638.1 million. A proposed dividend of EUR 0.19 per share reflects the company's strong financial health and confidence in its future prospects. Multitude's strategic investments and improved cost efficiency have underpinned this growth, positioning the company for even more substantial profitable growth in 2024 and beyond.

CEO Jorma Jokela expressed satisfaction with the 2023 performance, emphasizing the company's ongoing strategy development and strong growth drivers. Jokela confirmed the company’s guidance for a 50% increase in EBIT to EUR 67.5 million in 2024 and projected net profit growth to EUR 30 million by 2026. The Annual Report also showcases Multitude’s commitment to environmental, social, and governance (ESG) matters, alongside detailed financial statements and governance reports available in both PDF and XHTML format on the company’s website.