Multitude SE Reports Strong Growth and Confirms Guidance

Multitude SE has reported robust Q4 figures, showing significant growth in sales and earnings. Sales reached €69.8 million, marking a 14% year-on-year increase. The strong performance was driven by the expansion of the net loan book to €763 million, including substantial contributions from all segments.

EBIT increased by 8% to €20.4 million, surpassing estimates. This growth was supported by stable operational expenditure due to efficiency measures. Financial costs rose to €11.6 million, leading to a Q4 EBT of €8.8 million.

The management has confirmed its net income guidance of €23 million for FY25 and €30 million for FY26. With a trading stock at 4.3x PE’25, Multitude SE is recommended as a "BUY" with a target price of €12, maintaining its position as a NuWays Alpha pick.