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Multitude SE Elevator Pitch: Key Takeaways



In this comprehensive video presentation, Lasse Mäkelä, the Chief Strategy and Investor Relations Officer of Multitude SE, provides a detailed and captivating overview of the company’s unique growth trajectory and future aspirations.

Multitude SE, a dynamic and profitable fintech enterprise, has been a pioneer in financial technology innovation since its inception in 2005 in Finland. As a listed company on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘FRU,’ Multitude has successfully expanded its operations to 19 countries, serving over 400,000 customers and generating a revenue of EUR 214 million in 2021.



Mäkelä begins by highlighting the profound impact of Multitude’s mission: to democratize financial services through digitalization.

This mission, he emphasizes, is not just about making financial services fast, easy, and environmentally sustainable. It’s about reshaping the entire financial industry, making it more accessible and inclusive for all. Multitude’s strategic vision, he explains, is to build the most valued financial ecosystem for overlooked customers, leveraging technology, regulation, funding, and cross-selling to create an unparalleled growth platform for fintechs.



The core of Multitude’s operations is a testament to its innovative approach.

It revolves around three independent business units: SweepBank, Ferratum, and CapitalBox. These units, each with its unique focus and offerings, are supported by over 700 employees and benefit from Multitude’s comprehensive internal banking as a service platform. This platform, he highlights, encompasses a robust compliance framework, a full European-wide banking license, and an advanced technology stack, enabling efficient and centralized banking operations.



SweepBank, the consumer banking arm

It offers a suite of financial products, including loans, bank accounts, and debit cards, and has plans to introduce credit cards. This unit is dedicated to providing exceptional digital customer experiences, particularly targeting individuals underserved by traditional banks.



Ferratum, another key business unit

It focuses on providing financial solutions tailored to the needs of small and medium-sized enterprises (SMEs). It offers lending services, bank accounts, and payment solutions, aiming to support SMEs’ growth and financial stability across its operational regions.



CapitalBox represents Multitude’s wholesale banking division.

This unit specializes in secure debt and payment services, catering to non-bank lenders, electronic money institutions, and other selected industries. CapitalBox plays a crucial role in enhancing the financial infrastructure and supporting the broader financial ecosystem by offering these services.



Mäkelä provides a detailed overview of the vast potential within Multitude’s addressable market

He notes that the company’s market share remains relatively small, which signifies significant opportunities for future growth. He elaborates on Multitude’s financial targets, which include a net profit of more than EUR 3 million by 2026 and a dividend payout ratio between 25% and 50% of profits.









▶️ Other videos:

Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/

Company Presentation: https://seat11a.com/investor-relations-company-presentation/

Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/



T&C

This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com

Multitude SE Q1 2024: Key Takeaways

In this comprehensive presentation, Lasse Mäkelä, Investor Relations representative at Multitude SE, delves into the company’s exceptional financial performance for the first quarter of 2024.



Mäkelä begins by highlighting the significant 31% increase in EBIT, which rose to EUR 11.6 million from EUR 8.9 million in the same period of the previous year. This substantial growth underscores Multitude SE’s successful strategic initiatives and robust operational execution, reinforcing the company’s financial strength and growth potential.



Revenue for Q1 2024 increased substantially by 18.3%, reaching EUR 64.2 million compared to EUR 54.2 million in Q1 2023.



This growth is one of the strongest quarterly performances in the company’s history. The consolidated net profit also demonstrated solid progress, increasing by 13% to EUR 2.6 million. Earnings per share (EPS) experienced a significant boost of 48.8%, rising to EUR 0.07, reflecting the company’s enhanced profitability and shareholder value.



Mäkelä underscores the strategic advancements made by Multitude SE



Particularly the official commencement of its new business unit, Wholesale Banking. This segment, which includes Secured Debt and Payment Solutions, has already proven to be a success, with an EBIT of EUR 1.0 million in its first quarter. The Wholesale Banking unit reported a remarkable volume growth of 179.8% over twelve months, reaching EUR 69.2 million. This expansion highlights the effectiveness of Multitude SE’s growth ambitions and its ability to diversify and strengthen its service offerings, reassuring stakeholders of its long-term viability.



Further strengthening its market position, Multitude SE acquired Omniveta Finance



An invoice purchasing specialist, during the first quarter. This acquisition, integrated under the CapitalBox brand, enhances the company’s capabilities in the SME banking sector and supports its goal of becoming a prominent alternative lender alongside traditional banks. The transaction is a testament to Multitude SE’s unwavering commitment to continuous organic growth, strategic partnerships, and acquisitions, instilling confidence in its future prospects.



Despite a slight decrease in total assets from EUR 990.9 million to EUR 960.3 million



Primarily due to a planned reduction in cash and cash equivalents by 20.7% to EUR 225.0 million, the company’s balance sheet remains robust. The equity increased to EUR 185.2 million, resulting in a stable equity ratio of 19.2%. Mäkelä notes that the net equity ratio remained essentially unchanged at 25.2% in Q1 2024, providing a solid foundation for our future growth and stability.



Multitude SE has also maintained efficient risk management practices



With impairment losses averaging around 4% and reaching 4.2% in the first quarter. This indicates the company’s proactive approach to addressing elevated credit losses in parts of the business and implementing corrective underwriting measures.



Looking ahead, Mäkelä reaffirms Multitude SE’s optimistic outlook for 2024.



The company targets an EBIT growth of 50% and aims to reach EUR 67.5 million. The company also projects a consolidated profit after tax of EUR 30 million by the end of 2026.



▶️ Other videos:

Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/

Company Presentation: https://seat11a.com/investor-relations-company-presentation/

Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/





T&C

This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com

JOST Werke SE Q1 2024: Key Takeaways



Overview of JOST Werke SE Financial Results Q1 2024

In this detailed video presentation, Romy Acosta of JOST Werke SE, a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, presents the company’s financial results for the first quarter of 2024 to professional stock investors. The presentation provides an in-depth analysis of JOST’s performance amidst a challenging market environment, emphasizing the company’s ability to maintain high profitability and significantly improve free cash flow.



Financial Highlights of Q1 2024

Romy Acosta begins by outlining the headline figures for the quarter. Despite a 12.6% decline in sales, down to EUR 299 million from EUR 342 million in Q1 2023, JOST successfully maintained an adjusted EBIT margin of 11.6%. This was achieved through effective operational flexibility and strategic cost management, resulting in an adjusted EBIT of EUR 35 million compared to EUR 40 million in the same period last year.



Significant Improvement in Free Cash Flow

One of the standout achievements highlighted by Acosta is the remarkable increase in free cash flow, which soared by 164% to EUR 35 million from EUR 13 million in Q1 2023. This improvement is attributed to the company’s stringent efficiency measures and strategic financial management. Additionally, JOST’s net debt reduction efforts strengthened its financial position, bringing the leverage ratio down to 0.93x from 0.998x at the end of 2023.



Performance Analysis by Region

Europe

The region saw a 7.9% decline in sales to EUR 174 million from EUR 189.1 million in Q1 2023, largely due to softened demand in the transport and agriculture sectors. Despite this, JOST mitigated the impact on operations, although the higher fixed costs associated with headquarters’ administrative expenses led to a 13.1% decrease in adjusted EBIT to EUR 13.9 million, maintaining an adjusted EBIT margin of 8.0%.



North America

Sales in North America decreased by 28.8% to EUR 73.2 million from EUR 102.8 million in Q1 2023. The region’s cyclical market fluctuations were pronounced, but JOST’s proactive adaptation strategies and efficiency measures helped cushion the impact, resulting in an adjusted EBIT of EUR 8.1 million and an improved EBIT margin of 11.0%.



Asia-Pacific-Africa (APA)

This region displayed resilience, with sales increasing by 3.1% to EUR 51.3 million, driven by strong demand in India, Australia, and South Africa and a recovering truck market in China. The acquired company LH Lift Oy contributed EUR 1.7 million in sales. Adjusted EBIT for APA stood at EUR 10.7 million, with a margin of 20.9%.



Consolidated Profit and Future Outlook

Romy Acosta also discusses the consolidated profit, noting that earnings after taxes amounted to EUR 20 million, down from EUR 24 million in Q1 2023. Adjusted earnings per share were EUR 1.70, compared to EUR 1.99 the previous year.



Outlook for 2024

The presentation concludes with an optimistic outlook for the remainder of 2024. Despite the anticipated single-digit percentage declines in group sales and adjusted EBIT compared to 2023, JOST expects to maintain its adjusted EBIT margin within the strategic range of 10.0% to 11.5%. This projection reflects JOST’s robust financial strategy and ability to navigate ongoing market challenges effectively.





▶️ Other videos:

Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/

Company Presentation: https://seat11a.com/investor-relations-company-presentation/

Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/



T&C

This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and condition

Overview of Encavis AG’s Financial Performance in Q1 2024

In this comprehensive video presentation, Dr. Christoph Husmann, Encavis AG’s CFO, provides an extensive analysis of the company’s financial performance for the first quarter of 2024. Encavis AG, a leading MDAX-listed operator specializing in wind and solar farms, faced a challenging quarter, with results falling below those of the same period in the previous year. Despite this, the outcomes generally aligned with internal expectations and the company’s strategic plan.



Key Factors Influencing Q1 2024 Performance



Dr. Husmann begins by explaining the key factors behind the financial performance. The first quarter of 2023 had benefited from a significant one-off effect, including a retroactive subsidy compensation of EUR 8.1 million for Dutch solar parks and favorable weather conditions that led to higher electricity prices. In contrast, Q1 2024 saw a decline in average electricity prices by about 11% across the company’s entire generating portfolio. Additionally, less favorable meteorological conditions, including lower wind speeds and less sunshine, contributed to a lower electricity production. The company’s risk management strategies, such as the diversification of its energy sources and the use of advanced weather forecasting technologies, helped mitigate the impact of these conditions on its financial performance.



Financial Results Detail



Encavis AG generated approximately 741 gigawatt hours (GWh) of green electricity in Q1 2024, slightly down from 753 GWh in the same period the previous year. This overall decrease of around 2% varied by segment, with the PV segment experiencing a 9% decline and the wind segment a 6% decline. The decline in the PV segment was due to a combination of factors, including a decrease in average electricity prices and less favourable weather conditions. The wind segment’s decline was largely due to the divestment of two wind farms. However, newly connected wind farms helped achieve a 6% increase in electricity production within the wind segment.



Operational Financial Overview



The company’s operating revenue for Q1 2024 amounted to EUR 86.6 million, reflecting a 12% drop from the previous year’s EUR 98.8 million. Operating EBITDA decreased significantly, falling by 25% to EUR 48.5 million from EUR 64.3 million. These declines were largely anticipated, given the previous year’s one-off benefits and lower electricity prices.



Conclusion



Dr Husmann reassured investors of the company’s resilience and strategic focus, highlighting Encavis AG’s commitment to growth and sustainable energy production. The company continues to play a crucial role in Europe’s renewable energy sector, with its expanding portfolio contributing to significant CO2 savings annually. Encavis AG remains a strong player in the market, leveraging its strategic investments to navigate the current economic landscape and ensure long-term stability and growth. Overall, Encavis AG has managed to navigate the first quarter’s challenges effectively, maintaining its clear strategic direction and confirming its financial guidance for the year



▶️ Other videos:

Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/

Company Presentation: https://seat11a.com/investor-relations-company-presentation/

Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/



T&C

This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com

LEG Immobilien SE Q1 2024: Key Takeaways

Overview of LEG Immobilien SE’s Positive Outlook for 2024

In a detailed presentation, Frank Kopfinger, Head of Investor Relations at LEG Immobilien SE, provided a comprehensive overview of the company’s positive outlook for 2024. LEG Immobilien SE has successfully executed property disposals worth EUR 210 million year-to-date, reflecting strong demand in the market and our strategic focus on optimizing our portfolio. The company has seen a significant increase in like-for-like rents by 4.1% in the free financed portion of its portfolio, while the overall portfolio rents increased by 3.5%. The vacancy rate has impressively declined by 30 basis points to 2.5%, underscoring the high demand for LEG’s affordable housing solutions.



Financial Health and Performance Indicators

Frank Kopfinger highlighted the company’s financial health, reporting an AFFO (Adjusted Funds From Operations) of approximately EUR 49 million for the first quarter, keeping LEG on track to meet its full-year guidance of EUR 180 to 200 million. Despite a slight anticipated devaluation in property values by 1-3% in the first half of 2024, which is a common market trend, the Net Tangible Assets (NTA) per share remains robust at EUR 127.69, indicating a stable asset base.



Sustainability and Innovation in Operations

The presentation also detailed the largest tenant electricity project in North Rhine-Westphalia, completed in Monheim, which includes photovoltaic installations on 1,117 flats. This project, a key part of LEG’s broader decarbonization and sustainability initiatives, demonstrates our commitment to a greener future. Moreover, the company’s proactive sales strategy has resulted in the disposal of 2,200 units above book value, reinforcing its financial stability and strategic focus.



Commitment to Affordable Housing and Future Investments

LEG continues to prioritize affordable housing, with an average net cold rent per square meter of EUR 6.67. The company is also steadfast in its investment plans, allocating EUR 32 per square meter for 2024 to maintain and enhance its property portfolio. Looking ahead, LEG confirms its annual guidance for AFFO in the range of EUR 180 to 200 million, underpinned by its robust core business and strategic initiatives.




▶️ Other videos:
Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/
Company Presentation:
https://seat11a.com/investor-relations-company-presentation/
Deep Dive Presentation:
https://seat11a.com/investor-relations-deep-dive/
Financial Results Presentation:
https://seat11a.com/investor-relations-financial-results/
ESG Presentation: https://seat11a.com/investor-relations-esg/




T&C
This publication is for informational purposes only and does not
constitute investment advice. By using this website, you agree to our
terms and conditions outlined on www.seat11a.com/legal and
www.seat11a.com

ZEAL Network SE Q1 2024: Key Takeaways
Sebastian Bielski’s Presentation Overview
Sebastian Bielski, the Chief Financial Officer of ZEAL Network SE,
delivered a comprehensive video presentation, underscoring the company’s
robust financial performance for the first quarter of 2024. Notably,
Sebastian announced a substantial 35% surge in group revenue, reaching
€36.1 million, a significant leap from €26.7 million in the first
quarter of the previous year. This impressive growth was primarily
driven by a noteworthy 22% increase in lottery billings, which soared to
€246.3 million.

Key Financial Metrics Highlighted
Delving into the financial metrics, Sebastian drew attention to a
remarkable 28% upswing in revenues from the lottery sector, with
earnings climbing to €32.0 million. This achievement can be attributed
to ZEAL’s successful strategic customer engagement initiatives, which
have led to a more extensive customer base. The average monthly active
users (MAUs) witnessed a significant 21% year-over-year increase,
indicating the effectiveness of these initiatives in fostering more
frequent and sustained user interaction.

Growth in ZEAL’s Games Business
The video also sheds light on ZEAL’s games business, a newer venture
with promising growth. Revenue from this segment grew by 20% compared to
the fourth quarter of 2023, generating €2.2 million. Notably, the
stability of the gross margin at 7.0% underscores the potential of this
sector as part of ZEAL’s diversified portfolio, indicating its ability
to maintain profitability despite growth.

Challenges and Successes of the Quarter
Sebastian was particularly forthcoming about the quarter’s challenges
and successes. Despite almost doubling marketing expenses and absorbing a
negative one-off effect from a major win in ZEAL’s charity lottery, the
company’s EBITDA increased by 1% to € 9.4 million. This demonstrates
ZEAL’s resilience and ability to manage expenses effectively while
scaling up operations, a testament to our commitment to financial
stability and growth.

Future Strategies and Operational Efficiency
The CFO was open to discussing future strategies, including the
squeeze-out at LOTTO24, which aims to consolidate operations and enhance
efficiency. This move will streamline processes and optimize resource
allocation across the company’s various ventures.

Conclusion and Outlook
Sebastian concluded his presentation by reiterating ZEAL’s commitment to
maintaining a strong growth trajectory and enhancing shareholder value.
He expressed confidence in the company’s strategic initiatives, which
are designed to sustain momentum and enhance shareholder value, expand
customer bases, and innovate within the online lottery market, inspiring
a sense of anticipation for the future.

Importance of the Presentation
This video is a must-watch for investors and industry stakeholders who
are keen on understanding the dynamics of ZEAL Network SE’s operations,
financial health, and strategic direction in the competitive online
lottery and gaming market.


▶️ Other videos:
Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/
Company Presentation:
https://seat11a.com/investor-relations-company-presentation/
Deep Dive Presentation:
https://seat11a.com/investor-relations-deep-dive/
Financial Results Presentation:
https://seat11a.com/investor-relations-financial-results/
ESG Presentation: https://seat11a.com/investor-relations-esg/




T&C
This publication is for informational purposes only and does not
constitute investment advice. By using this website, you agree to our
terms and conditions outlined on www.seat11a.com/legal and
www.seat11a.com