Here are Ronin’s pre-comments ahead of Multitude’s Q2 results next Thursday 
We expect revenue to decline organically, mainly due to the divestment of micro-lending businesses and interest rate caps in consumer banking. We understand that Sortter will be consolidated into the figures starting around the middle of the quarter, which will provide inorganic support. The company’s EUR 30 million net profit guidance for this year leaves little room for error after a soft Q1, so we are focusing on the underlying profit drivers and cost discipline, which are crucial for the H2-weighted earnings improvement.