Upcoming Dividend • Jun 29
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 06 July 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: Revenue: €187.9m (up 38% from 1Q 2025). Net income: €22.7m (up 92% from 1Q 2025). Profit margin: 12% (up from 8.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Consumer Finance industry in Europe. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Independent Director Guido Crespi was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Mar 23
Moltiply Group S.p.A., Annual General Meeting, Apr 29, 2026 Moltiply Group S.p.A., Annual General Meeting, Apr 29, 2026, at 08:30 W. Europe Standard Time. Location: via desenzano 2 20146, milano Italy Duyuru • Mar 19
Moltiply Group S.p.A. announces Annual dividend, payable on July 08, 2026 Moltiply Group S.p.A. announced Annual dividend of EUR 0.1500 per share payable on July 08, 2026, ex-date on July 06, 2026 and record date on July 07, 2026. Duyuru • Feb 20
Harley & Dikkinson Consulting S.R.L. acquired Centro Finanziamenti SpA from Moltiply Group S.p.A. (BIT:MOL). Harley & Dikkinson Consulting S.R.L. acquired Centro Finanziamenti SpA from Moltiply Group S.p.A. (BIT:MOL) on February 19, 2026.
Harley & Dikkinson Consulting S.R.L. completed the acquisition of Centro Finanziamenti SpA from Moltiply Group S.p.A. (BIT:MOL) on February 19, 2026. Duyuru • Mar 22
Moltiply Group S.p.A. (BIT:MOL) signed a binding agreement to acquire Verivox GmbH from ProSiebenSat.1 Media SE (XTRA:PSM). for approximately 360 million. Moltiply Group S.p.A. (BIT:MOL) signed a binding agreement to acquire Verivox GmbH from ProSiebenSat.1 Media SE (XTRA:PSM) for approximately 360 million on March 21, 2025. The total agreed price for the Transaction is €231.5 million in terms of equity value, based on a net financial position as of 30 June 2024 of €6.5 million in net cash. Upon execution of the agreement (“Closing”), which is expected to occur later today, NewCo will assume debts towards Verivox - generated by a cash pool relationship - for €53.9 million, and will acquire a shareholders' loan towards Verivox of €13.7 million. The agreed price for the Transaction and the countervalue of these last two assignments will be set-off at Closing. The net amount will be paid with the proceeds from the financing agreement referred to in Moltiply's press release of March 20, 2025 and already available cash. The agreements for the Transaction also include an earn-out of up to €60 million determined on the basis of Verivox's economic performance in 2025.
In the Transaction, Moltiply was assisted by BE Partner as financial advisor, Gleiss Lutz as legal and tax advisor, and EY for accounting aspects. Duyuru • Mar 18
Moltiply Group S.p.A. announces Annual dividend, payable on July 09, 2025 Moltiply Group S.p.A. announced Annual dividend of EUR 0.1200 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €112.8m (up 16% from 3Q 2023). Net income: €9.25m (down 18% from 3Q 2023). Profit margin: 8.2% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Recent Insider Transactions • Oct 04
CEO & Executive Director recently sold €325k worth of stock On the 25th of September, Alessandro Alvaro Fracassi sold around 10k shares on-market at roughly €32.50 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alessandro has been a net seller over the last 12 months, reducing personal holdings by €807k. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. New Risk • Sep 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €117.7m (up 10% from 2Q 2023). Net income: €8.92m (down 3.1% from 2Q 2023). Profit margin: 7.6% (down from 8.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 04
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.3%). Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: €111.8m (up 16% from 1Q 2023). Net income: €10.8m (up 15% from 1Q 2023). Profit margin: 9.6% (in line with 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Declared Dividend • Mar 22
Dividend of €0.12 announced Shareholders will receive a dividend of €0.12. Ex-date: 8th July 2024 Payment date: 10th July 2024 Dividend yield will be 0.3%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 5%. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €37.45, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.47 per share. New Risk • Mar 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (91% net debt to equity). Profit margins are more than 30% lower than last year (8.1% net profit margin). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: €0.93 (vs €1.24 in FY 2022) Full year 2023 results: EPS: €0.93 (down from €1.24 in FY 2022). Revenue: €426.6m (up 34% from FY 2022). Net income: €34.7m (down 26% from FY 2022). Profit margin: 8.1% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 07
CEO & Executive Director recently sold €339k worth of stock On the 1st of December, Alessandro Alvaro Fracassi sold around 12k shares on-market at roughly €28.30 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alessandro has been a net seller over the last 12 months, reducing personal holdings by €359k. Reported Earnings • Sep 11
Second quarter 2023 earnings released: EPS: €0.25 (vs €0.42 in 2Q 2022) Second quarter 2023 results: EPS: €0.25 (down from €0.42 in 2Q 2022). Revenue: €106.8m (up 32% from 2Q 2022). Net income: €9.21m (down 42% from 2Q 2022). Profit margin: 8.6% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €25.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.94 per share. Upcoming Dividend • Jun 26
Upcoming dividend of €0.12 per share at 0.4% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 9.7% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (7.2%). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Non Executive Director Giulia Frangipane was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 16
First quarter 2023 earnings released First quarter 2023 results: Revenue: €99.1m (up 25% from 1Q 2022). Net income: €9.41m (down 17% from 1Q 2022). Profit margin: 9.5% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: €1.24 (vs €0.43 in FY 2021) Full year 2022 results: EPS: €1.24 (up from €0.43 in FY 2021). Revenue: €318.3m (flat on FY 2021). Net income: €46.9m (up 187% from FY 2021). Profit margin: 15% (up from 5.1% in FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Duyuru • Feb 03
Gruppo MutuiOnline S.p.A (BIT:MOL) completed the acquisition of Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited. Gruppo MutuiOnline S.p.A (BIT:MOL) entered into a binding agreement to acquire Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited for €150 million on August 28, 2022. The acquisition will be financed with available cash and the use of already available credit lines. The Transaction has been approved by the respective boards of directors of the Sellers and of Gruppo MutuiOnline and it is subject to customary regulatory approval. The transaction is expected to close in the first days of 2023. BE Partner S.p.A. acted as financial advisor, Clifford Chance Studio Legale Associato acted as legal advisor and PricewaterhouseCoopers Advisory SpA acted as accountant to Gruppo MutuiOnline. Baker & Mckenzie LLP, London acted as legal advisors to sellers Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited. Roxanne Anderson, Gautam Ganjawala and Vivek Pillai of AZB & Partners acted as legal advisor to Gruppo MutuiOnline S.p.A.
Gruppo MutuiOnline S.p.A (BIT:MOL) completed the acquisition of Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited on February 1, 2023. Reported Earnings • Nov 17
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €70.6m (down 2.4% from 3Q 2021). Net income: €10.6m (up 13% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Finance industry in Europe. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Non-Executive Director Valeria Lattuada was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 10
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €82.8m (up 1.3% from 2Q 2021). Net income: €16.2m (up 64% from 2Q 2021). Profit margin: 20% (up from 12% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Finance industry in Europe. Duyuru • Aug 31
Gruppo MutuiOnline S.p.A (BIT:MOL) entered into a binding agreement to acquire Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited for €150 million Gruppo MutuiOnline S.p.A (BIT:MOL) entered into a binding agreement to acquire Rastreator.com Ltd and LeLynx SAS from Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited for €150 million on August 28, 2022. The acquisition will be financed with available cash and the use of already available credit lines. The Transaction has been approved by the respective boards of directors of the Sellers and of Gruppo MutuiOnline and it is subject to customary regulatory approval. The transaction is expected to close in the first days of 2023. BE Partner S.p.A. acted as financial advisor, Clifford Chance Studio Legale Associato acted as legal advisor and PricewaterhouseCoopers Advisory SpA acted as accountant to Gruppo MutuiOnline. Baker & Mckenzie LLP, London acted as legal advisors to sellers Penguin Portals Limited and ZPG Comparison Services Holdings UK Limited. Reported Earnings • May 14
First quarter 2022 earnings released First quarter 2022 results: Revenue: €79.0m (flat on 1Q 2021). Net income: €11.4m (down 11% from 1Q 2021). Profit margin: 14% (down from 16% in 1Q 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 77% growth forecast for the industry in Germany. Upcoming Dividend • May 09
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.1%). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Non-Executive Director Valeria Lattuada was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €0.43 (down from €3.42 in FY 2020). Revenue: €318.3m (up 21% from FY 2020). Net income: €16.3m (down 87% from FY 2020). Profit margin: 5.1% (down from 49% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 7.1%, compared to a 71% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Duyuru • Feb 02
Gruppo MutuiOnline S.p.A (BIT:MOL) signed a binding agreement to acquire Business Unit from Europa Srl for an enterprise value of €15 million. Gruppo MutuiOnline S.p.A (BIT:MOL) signed a binding agreement to acquire Business Unit from Europa Srl for an enterprise value of €15 million on January 21, 2022. The transaction will be carried out through the contribution of the Business Unit to a newly incorporated company (“NewCo”) owned by Europa and the subsequent acquisition of 100% of NewCo by Gruppo MutuiOnline. In addition, there is an earn-out linked to
the future growth of NewCo’s first margin (defined as the company’s total turnover minus direct variable costs) over the next 5 years. Mimmo Busacca, founder and entrepreneurial soul of Europa, will maintain his full-time professional commitment at the head of NewCo, which will be part of the BPO Division of Gruppo MutuiOnline. The payment of all amounts will be financed by cash and/or the use of already available credit lines. In 2020, the Business Unit achieved total revenues of €9.6 million and a normalized EBITDA of €2.7 million. The closing of the transaction is expected to take place by the end of March 2022. Gruppo MutuiOnline was assisted by BE Partner as financial advisor, as well as by Studio Gattai, Minoli, Partners and Studio Morpurgo as legal advisors. Europa was assisted by Studio Legale Commerciale Barrilà as financial and legal advisor. Reported Earnings • Nov 16
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €73.2m (up 23% from 3Q 2020). Net income: €9.40m (down 8.3% from 3Q 2020). Profit margin: 13% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 10
Second quarter 2021 earnings released: EPS €0.26 (vs €0.32 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €81.7m (up 30% from 2Q 2020). Net income: €9.85m (down 19% from 2Q 2020). Profit margin: 12% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 11
CEO & Executive Director recently sold €1.1m worth of stock On the 6th of August, Alessandro Fracassi sold around 22k shares on-market at roughly €50.38 per share. This was the largest sale by an insider in the last 3 months. Alessandro has been a seller over the last 12 months, reducing personal holdings by €2.7m. Recent Insider Transactions • Aug 05
Executive Chairman recently sold €243k worth of stock On the 27th of July, Marco Pescarmona sold around 5k shares on-market at roughly €48.57 per share. In the last 3 months, they made an even bigger sale worth €650k. Marco has been a seller over the last 12 months, reducing personal holdings by €1.2m. Reported Earnings • May 18
First quarter 2021 earnings released: EPS €0.35 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €80.2m (up 36% from 1Q 2020). Net income: €13.1m (up 69% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 10
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 20
Full year 2020 earnings released: EPS €3.42 (vs €1.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €262.8m (up 18% from FY 2019). Net income: €128.5m (up 219% from FY 2019). Profit margin: 49% (up from 18% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 50% per year. Duyuru • Mar 10
Castor Srl offered to acquire Cerved Group S.p.A. (BIT:CERV) from a group of shareholders for €1.8 billion. Castor Srl offered to acquire Cerved Group S.p.A. (BIT:CERV) from a group of shareholders for €1.8 billion on March 8, 2021. Under the terms, Castor will pay €9.5 per share for 192.28 million shares. Castor plans to raise the funds necessary to pay the Maximum Disbursement through the use of its own funds, using the proceeds from equity injections and/or shareholders’ loans that will be made available by FermION and FSI pursuant to equity commitment letters entered into on the date hereof by the Offeror, FermION and FSI. Transaction is subject to minimum tender of 90% stake, antitrust approval and approval from Office of the Italian Prime Minister. Credit Suisse Securities (Europe) Limited, Intesa Sanpaolo - IMI Corporate & Investment Banking, Goldman Sachs Bank Europe SE, Italian Branch and Sociedad De Valores S.A., Italian Branch acted as financial advisors and Chiomenti Studio Legale and Cleary, Gottlieb, Steen & Hamilton LLP (Milan) acted as legal advisors to Castor. Is New 90 Day High Low • Mar 02
New 90-day high: €39.05 The company is up 27% from its price of €30.65 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €32.70, the stock is trading at a trailing P/E ratio of 31x, down from the previous P/E ratio of 36.8x. This compares to an average P/E of 16x in the Consumer Finance industry in Europe. Total returns to shareholders over the past three years are 131%. Is New 90 Day High Low • Jan 09
New 90-day high: €36.30 The company is up 65% from its price of €22.00 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €34.15 The company is up 47% from its price of €23.30 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: €31.15 The company is up 35% from its price of €23.00 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 7.0% over the same period. Duyuru • Nov 29
Gruppo MutuiOnline S.p.A (BIT:MOL) acquired Sos Tariffe Srl from Alberto Mazzetti, Giuliano Messina, Umberto Lentini and Noosalab S.r.l. for €29.5 million. Gruppo MutuiOnline S.p.A (BIT:MOL) acquired Sos Tariffe Srl from Alberto Mazzetti, Giuliano Messina, Umberto Lentini and Noosalab S.r.l. for €29.5 million on November 27, 2020. The consideration in amount of €25.7 million was paid at closing and €3 million retained as escrow to guarantee any indemnity obligations arising from the purchase and sale contract, with progressive release over a three-year period. In addition, a deferred price component of up to €0.8 million is provided, subject to the occurrence of certain events, which may be paid by January 2022. All payments were financed with available cash and cash equivalents and/or the use of already available credit lines. As a part of transaction, Sos Tariffe acquired from from founders Alberto Mazzetti, Giuliano Messina and Umberto Lentini 100% of the share capital of SOS Consulting S.r.l., which owns some immaterial assets used within the activity of SOS Tariffe, for a price corresponding to an enterprise value (i.e. on a debt-cash free basis) of €1.4 million. With the acquisition of Sos Tariffe, the Broking Division will add in its reporting a new line of business, called Telco & Energy Comparison.
The revenue reported in 2019 amounted to €8.2 million, while the EBITDA has been €0.1 million. For 12 months after the closing, founders Alberto Mazzetti, Giuliano Messina and Umberto Lentini will continue to work to the benefit of Sos Tariffe, accompanying its transition into Gruppo MutuiOnline. Filippo Bratta of Scouting S.p.A. through Scouting Capital Advisors acted as financial advisor to Alberto Mazzetti, Giuliano Messina, Umberto Lentini and Noosalab S.r.l. Gattai, Minoli, Agostinelli & Partners and Morpurgo e Associati acted as legal advisors to Gruppo MutuiOnline S.p.A. BE Partner S.p.A acted as financial advisor to Gruppo MutuiOnline S.p.A. Francesca de Fraja and Giulia Gandolfi of Studio Pirola Pennuto Zei & Associati acted as legal advisors to Alberto Mazzetti, Giuliano Messina, Umberto Lentini and Noosalab S.r.l.
Gruppo MutuiOnline S.p.A (BIT:MOL) acquired Sos Tariffe Srl from Alberto Mazzetti, Giuliano Messina, Umberto Lentini and Noosalab S.r.l. on November 27, 2020. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue beats expectations Revenue exceeded analyst estimates by 14%. Over the next year, revenue is expected to shrink by 12% compared to a 23% growth forecast for the Consumer Finance industry in Germany. Is New 90 Day High Low • Nov 18
New 90-day high: €25.35 The company is up 15% from its price of €21.95 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 9.0% over the same period. 
