Netfonds AG Reports Strong Q3 Performance and Announces Strategic Initiatives

Netfonds AG has released their Q3 financial results, showing solid performance in line with expectations. Gross sales grew by 16% year-over-year, reaching €56.2 million, fueled by robust AuA and AuM, surpassing previous estimates. The company's EBITDA exceeded projections at €1.9 million, driven by topline growth and operating efficiency.

Looking forward, Netfonds plans to continue growth through strategic M&A activities and new product launches. A letter of intent has been signed for a potential acquisition, expected to enhance the company's market position. Additionally, Netfonds intends to issue an unsecured bond to fund these operations.

The company aims to reach mid-term goals of €59 million in net sales by FY26, supported by its finfire platform. Shares are recommended as a "Buy" with a target price of €76.00.