Multitude Second Quarter 2024 Earnings: EPS: €0.11 (vs €0.18 in 2Q 2023)

Multitude (ETR:E4I) Second Quarter 2024 Results

Key Financial Results

• Revenue: €30.8m (up 1.8% from 2Q 2023).
• Net income: €5.75m (up 45% from 2Q 2023).
• Profit margin: 19% (up from 13% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: €0.11.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Multitude Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Finance industry in Europe.

Performance of the market in Germany.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Multitude.

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