Here are Roni’s quick comments on Multitude’s Q1 results ![]()
Multitude’s revenue developed in line with our forecasts, but the result fell short of our expectations due to a higher cost structure. The guidance (EUR 30 million net profit) was reiterated, but after a softer-than-expected Q1, we see the guidance’s margin of safety as low. However, we believe it is worth noting that the acquisition of a majority stake in Sortter helps in achieving the guidance. You can follow the company’s webcast here.