Netfonds Delivers Strong H1 2024 Results and Debuts First-Ever Balance Sheet

• Netfonds AG reported a strong financial performance for the first half of 2024, with net sales of EUR 21.8 million, a 23.9% increase from H1 2023.
• Consolidated group sales reached EUR 112.5 million, marking a 20.6% growth compared to the same period last year.
• The company's EBITDA rose to EUR 3.0 million, a 57.9% increase, resulting in an EBITDA margin of 13.8%.
• Assets under administration hit a record EUR 26.2 billion, up 14.9% from EUR 22.8 billion in H1 2023.
• The company anticipates gross sales between EUR 220 to 230 million for the full year 2024, with net sales expected between EUR 41.5 million and EUR 43.0 million.
• Netfonds AG's investment division experienced organic growth of over 20%, significantly contributing to the overall success in the first half of 2024.

The price of Netfonds at the time of the news was 38,30EUR and was up +1,59 % compared with the previous day.

Netfonds

-6,06 %

-7,00 %

-1,59 %

-15,84 %

-2,11 %

-4,12 %

-11,43 %

-11,43 %

+45,31 %

ISIN:DE000A1MME74WKN:A1MME7

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