EQS-News

Multitude Group Annual Report for 2022 published

EQS-News: Multitude SE / Key word(s): Annual Report Multitude Group Annual Report for 2022 published (news with additional features) 30.03.2023 / 22:45 CET/CEST The issuer is solely responsible for the content of this announcement. Multitude Group Annual Report for 2022 published

Helsinki, 30 March 2023 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or the “Group”) is pleased to announce that the Group's Annual Report, Corporate Governance Statement and Remuneration Report for the year ended 31 December 2022 have been published today on the company’s website.

The Annual Report consists of annual review and financial review, including Board of Directors‘ report, consolidated financial statements and parent company’s financial statements. The annual review includes the ESG Report 2022 which comprises the non-financial statement. It outlines the Group’s ESG Goals and KPIs focused on people, processes, and the environment, with commencement of reporting on the Group’s carbon emissions. The ESG report 2022 further highlights the Group’s commitment to customer well-being through responsible lending practices and the introduction of a Responsible Lending Index and a commitment to progress on employee well-being supported by formalised a hybrid policy and statement on diversity and inclusion.

Multitude has prepared the Financial Statements and Board of Director's Report in accordance with European Single Electronic Format (ESEF) reporting requirements. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor's reasonable assurance report on Multitude's ESEF financial statements in accordance with ISAE 3000 (Revised). The financial statements and Board of Directors‘ report in accordance with the ESEF reporting requirements and the assurance report will be published next week.

Key highlights 2022

• Exceeded guidance, achieving EBIT of EUR 31.6 million, compared to EUR 27.2 million in 2021* (16.2% y-o-y increase)
• The loan portfolio grew to EUR 509.5 million, a 12.8% increase from the end of December 2021
• Revenue increased 4.0% from EUR 204.2 million in 2021 to EUR 212.4 million (net of directly attributable transaction costs)
• Net profit increased to EUR 12.0 million compared to EUR 2.3 million last year (EUR -3.5 million after loss from discontinued operations)
• The equity ratio increased to 24.1% (net equity ratio 30.2%) in December 2022 compared to 21.2% in December 2021
• Earnings per share increased to EUR 0.39 from a loss of EUR (0.32) in 2021
• The Board of Directors proposes to the Annual General Meeting a dividend of EUR 0.12 per share
• Management confirms EBIT guidance of EUR 45 million for the year 2023