Multitude Management
Management criteria checks 2/4
Multitude's CEO is Jorma Jokela, appointed in Jan 2005, has a tenure of 19.92 years. total yearly compensation is €1.70M, comprised of 14.5% salary and 85.5% bonuses, including company stock and options. directly owns 28.91% of the company’s shares, worth €30.00M. The average tenure of the management team and the board of directors is 3.9 years and 4.2 years respectively.
Key information
Jorma Jokela
Chief executive officer
€1.7m
Total compensation
| CEO salary percentage | 14.5% |
| CEO tenure | 19.9yrs |
| CEO ownership | 28.9% |
| Management average tenure | 3.9yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €11m |
| Jun 30 2024 | n/a | n/a | €10m |
| Mar 31 2024 | n/a | n/a | €12m |
| Dec 31 2023 | €2m | €246k | €11m |
| Sep 30 2023 | n/a | n/a | €13m |
| Jun 30 2023 | n/a | n/a | €13m |
| Mar 31 2023 | n/a | n/a | €8m |
| Dec 31 2022 | €256k | €240k | €8m |
| Sep 30 2022 | n/a | n/a | -€2m |
| Jun 30 2022 | n/a | n/a | -€5m |
| Mar 31 2022 | n/a | n/a | -€267k |
| Dec 31 2021 | €222k | €222k | -€1m |
| Sep 30 2021 | n/a | n/a | €9m |
| Jun 30 2021 | n/a | n/a | €12m |
| Mar 31 2021 | n/a | n/a | €14m |
| Dec 31 2020 | €202k | €202k | €5m |
| Sep 30 2020 | n/a | n/a | €7m |
| Jun 30 2020 | n/a | n/a | €10m |
| Mar 31 2020 | n/a | n/a | €9m |
| Dec 31 2019 | €216k | €216k | €23m |
| Sep 30 2019 | n/a | n/a | €24m |
| Jun 30 2019 | n/a | n/a | €23m |
| Mar 31 2019 | n/a | n/a | €19m |
| Dec 31 2018 | €208k | €208k | €19m |
| Sep 30 2018 | n/a | n/a | €17m |
| Jun 30 2018 | n/a | n/a | €17m |
| Mar 31 2018 | n/a | n/a | €21m |
| Dec 31 2017 | €211k | €211k | €20m |
Compensation vs Market: Jorma's total compensation ($USD1.77M) is above average for companies of similar size in the UK market ($USD351.13K).
Compensation vs Earnings: Jorma's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jorma Jokela (45 yo)
19.9yrs
Tenure
€1,701,000
Compensation
Mr. Jorma Olavi Jokela serves as the President of the Management Board at Ferratum Capital Poland S.A. Mr. Jokela is the Founder of Multitude SE (formerly known as Ferratum Oyj) and has been its Chief Exec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.9yrs | €1.70m | 28.91% € 30.0m | |
| Chief Legal & Compliance Officer and Director | 18.9yrs | €81.00k | 0.59% € 616.0k | |
| Chief Financial Officer | 5.3yrs | no data | 0.21% € 213.1k | |
| Chief Technology Officer | 3.2yrs | no data | 0.054% € 56.4k | |
| Head of External Communications | 2.8yrs | no data | 0.26% € 269.8k | |
| Chief HR Officer | no data | no data | 0.038% € 39.0k | |
| Group Chief Risk Officer | 2.9yrs | €48.00k | 0.45% € 464.5k | |
| Chief Financial Planning Analyst | 6.3yrs | no data | 0.065% € 67.1k | |
| Tribe Chief Executive Officer of Ferratum | 3.9yrs | no data | 0.13% € 136.5k | |
| Chief Executive Officer of Multitude Bank | 2.2yrs | no data | 0.13% € 133.8k | |
| Head of Risk & Fraud Control | no data | no data | no data | |
| Chief Product Officer | no data | no data | no data |
3.9yrs
Average Tenure
48yo
Average Age
Experienced Management: 0R4W's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.9yrs | €1.70m | 28.91% € 30.0m | |
| Chief Legal & Compliance Officer and Director | 18.9yrs | €81.00k | 0.59% € 616.0k | |
| Chairman of the Board | 1.7yrs | €320.00k | 0.085% € 88.2k | |
| Independent Director | 2.7yrs | €49.00k | 0.0060% € 6.3k | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.7yrs | €48.00k | no data |
4.2yrs
Average Tenure
55yo
Average Age
Experienced Board: 0R4W's board of directors are considered experienced (4.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 22:41 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Multitude P.L.C. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Scott Bardo | Berenberg |
| Simona Sarli | Berenberg |
| Cosmin Filker | GBC AG |