Multitude AG Reports Robust 2024 Performance, Surpassing Expectations

Multitude AG, a European FinTech company, has announced its strong financial performance for 2024, marking the fourth consecutive year of outperformance. Group revenue rose by 14.4% to EUR 263.7 million. The earnings before interest and taxes (EBIT) also surged by 48.5% to EUR 67.6 million, exceeding prior guidance.

Net profit for the year increased by 23.1% to EUR 20.2 million, with a basic EPS rising by 29% to EUR 0.66. The company saw significant growth in loans to customers and debt investments, reaching EUR 762.5 million, a 19.5% increase from the previous year.

Multitude AG's total assets grew by 10.9%, and liabilities increased by 12.1%. The company maintained a solid net equity ratio of 23.2%. Looking ahead, the net profit guidance remains at EUR 23.0 million for 2025 and EUR 30.0 million for 2026. The company proposed a dividend of EUR 0.44 per share.