Netfonds AG Announces Record Revenues in 2024

In 2024, Netfonds AG achieved record revenues of EUR 237.6 million, marking a 23.2% increase from the previous year. The net consolidated revenues rose by 25.4% to EUR 45.9 million. The company reported significant improvement in key financial metrics, with EBITDA surging 71.4% to EUR 8.4 million, and EBIT more than doubling to EUR 3.8 million.

The fourth quarter was particularly strong for Netfonds, with gross income reaching EUR 69 million, a 24.8% rise, and net income hitting EUR 14 million, up by 36%. The company's assets under administration experienced a 18.9% growth, totaling EUR 28.3 billion.

The investment sector remained the most robust, contributing to the dynamic performance. The finfire platform facilitated a 10% growth in the insurance sector. Forecasts for 2025 anticipate over 10% increase in net revenue, supported by the scalability of their technology platform and growth in wealth management.