Netfonds AG Sees Softer Q2, Maintains Positive Outlook

Netfonds AG recently reported softer-than-expected Q2 figures. Gross sales were €57.8 million, falling short of the estimated €64.2 million. The decline is partly due to delayed revenue recognition, which is expected to boost Q3 sales. Despite lower sales, operating expenses remained stable. The AUA reached €30 billion, indicating potential future growth.

EBITDA was €2.0 million, below the €2.7 million forecast. Personnel expenses stayed consistent, while other operating expenses decreased. EBT recorded at €0.9 million, influenced by interest payments on bonds. The company is on track to meet its FY25 guidance, expecting growth through its finfire platform.

For FY25, Netfonds anticipates €268 million in gross sales and €12.6 million in EBITDA, aligning with its guidance. The company's growth is supported by its platform business and potential market consolidation.