12.08.2022 Multitude SE  FI4000106299

DGAP-Adhoc: Multitude SE Comments on the FIAU penalty decision to its subsidiary, Ferratum Bank p.l.c


DGAP-Ad-hoc: Multitude SE / Key word(s): Legal Matter
Multitude SE Comments on the FIAU penalty decision to its subsidiary, Ferratum Bank p.l.c

12-Aug-2022 / 15:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Multitude SE Comments on the FIAU penalty decision to its subsidiary, Ferratum Bank p.l.c

Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) has considered the Financial Intelligence Analysis Unit’s (FIAU) penalty decision of 08 August following a compliance examination on one of Multitude’s subsidiary, Ferratum Bank p.l.c. 

The examination was carried out on Ferratum Bank p.l.c. (“the Bank”) between December 2018 and May 2019. The compliance examination resulted in an administrative penalty of €653,637. Multitude sets out the assessment of the decision below.

The Group and the Bank take the AML/CFT framework very seriously. The Bank has offered its services from Malta for 10 years, after obtaining its licence as a credit institution in 2012 and currently employs 180 individuals. Its services comprise mainly of low-value unsecured consumer loans to customers located within the EEA and retail deposits primarily from the German market. Acknowledging the importance of compliance, the Bank has during the past years made substantial investments in its internal control processes and increased the number of resources dedicated to this area. No earlier major administrative measures in this field have been imposed on the Bank by the FIAU. 

While continuously supporting the missions of the FIAU, the Group strongly disagrees with the FIAU’s decision and considers it as disproportionate. The Group therefore supports the Bank’s decision to appeal.  

The Group also wishes to express, that the FIAU’s decision was highly unexpected. The Bank has always collaborated with the FIAU and MFSA in an open and transparent manner. The Group wishes to highlight, amongst several considerations, that it had been more than three years since the on-site visit and audit process was carried out, respectively, the news of this penalty was unanticipated. 

The Group would, in addition, like to highlight that the incident is isolated to the Ferratum Bank p.l.c and does not have wider ramifications for the Multitude Group. The penalty decision does not have a significant impact on Multitude SE financial position.

Multitude has been operating for 17+ years and was founded in Finland. It is listed in the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘FRU.’ www.multitude.com


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Language: English
Company: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Phone: +49 (0) 30 9210058-44
Fax: +49 (0)30 9210058-49
E-mail: [email protected]
Internet: https://www.multitude.com/
ISIN: FI4000106299
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1419819

End of Announcement DGAP News Service

1419819  12-Aug-2022 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 154,13 221,64 262,15 293,10 230,47 213,67 0,00
EBITDA1,2 21,14 34,65 43,02 56,35 41,87 39,22 0,00
EBITDA-Marge3 13,72 15,63 16,41 19,23 18,17 18,36 0,00
EBIT1,4 21,14 31,84 37,80 45,53 28,51 23,90 0,00
EBIT-Marge5 13,72 14,37 14,42 15,53 12,37 11,19 0,00
Jahresüberschuss1 12,96 20,06 19,27 23,02 0,48 -2,56 0,00
Netto-Marge6 8,41 9,05 7,35 7,85 0,21 -1,20 0,00
Cashflow1,7 23,73 33,32 -40,36 22,53 140,36 71,72 0,00
Ergebnis je Aktie8 0,60 0,92 0,89 1,10 0,02 -0,12 0,11
Dividende8 0,12 0,18 0,18 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1W9NS 2,230 48,45
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,12 19,72 0,67 4,88
0,29 0,68 0,23 1,24
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 27.04.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2022 18.08.2022 17.11.2022 31.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,25% -33,89% -39,97% -54,95%
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