Multitude SE Anticipated to Report Solid Q1 Earnings, Continues Growth Trajectory

Multitude SE, recently assessed by NuWays AG, is expected to disclose its Q1 2024 financial figures on Thursday. According to the analyst Frederik Jarchow, sales are projected to reach €59 million, marking a 9% increase year-on-year, though down 6% from the previous quarter. This performance is largely fueled by the expansion of the net loan book to €636 million in fiscal year 2023.

Regarding earnings before interest and taxes (EBIT), Multitude is forecasted to post €10.3 million, up 7% year-on-year but down 16.3% sequentially. Despite expected higher impairments on loans and interest expenses, these are balanced by stable operational costs. Net profit before taxes (EBT) is anticipated to be around €2.8 million, falling 4% year-on-year. This figure points to the challenges the company faces in a demanding economic environment.

NuWays AG underscores that Multitude's target for the fiscal year 2024's EBIT appears ambitious but achievable with further growth in the loan book and stable margins. The strategic focus includes expanding its segments like CapitalBox and exploring new ventures in wholesale banking. The firm's stock valuation also appears attractively priced with positive performance expected to continue.