Multitude SE Announces Strong Growth and Profit Increase in 2023 Preliminary Results

Multitude SE, a European FinTech company specializing in lending and banking services, disclosed its unaudited financial results for the year ending December 31, 2023. The company, perceiving a significant growth in revenue and net profit, achieved a 44.8% increase in EBIT, reaching EUR 45.5 million. This performance aligns with the previously issued guidance. Revenue saw an 8.5% rise to EUR 230.5 million, while net profit surged by 39.6% to EUR 16.4 million.

The company reported an increase in net interest income by 4.9%, amounting to EUR 208.2 million. The growth in financial metrics reflects Multitude's effective strategy and resilience amidst changing economic conditions. The company also highlighted a strong cash position and a dividend proposal of EUR 0.19 per share.

In addition to financial growth, Multitude focused on expanding its business, significantly increasing total assets and introducing new business units and programs aimed at supporting SMEs in Europe. The company has set ambitious targets for the upcoming years, including an EBIT guidance of EUR 67.5 million for 2024.

With continuous strategic investments and expansion, Multitude SE remains committed to delivering profitable growth and maximizing shareholder value through consistent dividend payouts. The company's approach to leveraging FinTech trends like big data, AI, and machine learning further solidifies its market position for future success.