Multitude

Q2 earnings exceeded expectations as a shift toward lower-risk customers drove impairment losses significantly below our estimates.

The 30 MEUR net profit guidance leaves little room for error after a soft Q1, requiring a drastic H2 recovery.

Multitude's Q1 earnings missed our estimates, though the company reiterated its full-year guidance.

Q1 profit missed our estimate.

Sortter has had an impressive growth track record.

We expect net operating income to fall as divestments and Swedish interest rate caps weigh on the topline.

Multitude has had an impressive profit growth track record during the last years, while simultaneously derisking its balance sheet.

The 0.55 EUR dividend proposal exceeded our 0.31 EUR estimate.

Multitude’s Q4 profit exceeded our expectations, as well as the company’s own guidance.

Multitude's topline developed in line with our expectations, but the profit exceeded our expectations and the company’s guidance.

Multitude will report its preliminary 2025 results on the morning of March 12.

On Investor Day, the focus is on the companies as they each share their updates.

15:31

Antti Kumpulainen, CEO, talks about the digital bank Multitude as an investment. Multitude offers lending and online banking services to consumers, small and medium-sized businesses, and other fintechs overlooked by traditional banks.

Multitude’s Q3 numbers slightly missed our estimates, but on a positive note, asset-light fee income kept growing fast and impairment losses kept decreasing.