dpa-AFX Compact

Original-Research: Multitude SE (von NuWays AG): BUY

06.03.2024
um 09:01 Uhr

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Original-Research: Multitude SE - from NuWays AG

Classification of NuWays AG to Multitude SE

Company Name: Multitude SE
ISIN: FI4000106299

Reason for the research: Update
Recommendation: BUY
from: 06.03.2024
Target price: 10.00
Target price on sight of: 12 Monaten
Last rating change:
Analyst: Frederik Jarchow

Small value-accretive acquisition through CapitalBox; chg

Yesterday, Multitude announced to have acquired the Danish factoring
specialist Omniveta Finance through its SME unit CapitalBox. Last week,
CapitalBox also launched a new collateral lending product. In detail:

Value-accretive acquisition. Founded in 2012, Omniveta is a factoring
specialist, that is purchasing invoices (eNuW: on avg. 30 days credit
period) from suppliers with a certain discount (eNuW: 10-20%, including
handling fees). With that, Omniveta is improving the overall liquidity of
Danish SMEŽs. We expect that the company is generating a low single digit
million Euro amount in sales and being more or less break-even on the
bottom line. Multitude is seen to have paid
You can download the research here:
http://www.more-ir.de/d/29079.pdf
For additional information visit our website
www.nuways-ag.com/research.

Contact for questions
Die Analyse oder weiterführende Informationen zu dieser können Sie hier downloaden
www.nuways-ag.com/research.
Kontakt für Rückfragen
NuWays AG - Equity Research
Web: www.nuways-ag.com
Email: research@nuways-ag.com
LinkedIn: https://www.linkedin.com/company/nuwaysag
Adresse: Mittelweg 16-17, 20148 Hamburg, Germany
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Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
Offenlegung möglicher Interessenskonflikte nach § 85 WpHG beim oben analysierten Unternehmen befinden sich in der vollständigen Analyse.
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-------------------transmitted by EQS Group AG.-------------------

The issuer is solely responsible for the content of this research.
The result of this research does not constitute investment advice
or an invitation to conclude certain stock exchange transactions.

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Ferratum Finland Oy

WKN A1W9NS ISIN FI4000106299