Netfonds AG Reports Robust 2024 Financial Performance with Higher Dividend Proposal

Netfonds AG has released its audited annual financial statements for 2024, showcasing impressive growth. The company's gross consolidated sales rose to EUR 237.1 million, marking a 22.9% increase from the previous year. Net sales, adjusted for commission expenses, reached EUR 45.6 million, up 24.6% from the prior year. The Group's EBITDA saw a significant rise of 64%, reaching EUR 8.1 million, while EBIT more than doubled to EUR 3.3 million. Annual net income was reported at EUR 2.6 million.

In light of these results, the Management and Supervisory Boards propose a 40% dividend increase to EUR 0.35 per share, up from EUR 0.25. This proposal will be voted on at the upcoming Annual General Meeting on 23 July 2025.

The company's outlook for 2025 remains optimistic, with expected growth in both investment and insurance sectors potentially boosting net sales by around 15%. Netfonds plans to release first-quarter results shortly, which should provide further insights into its performance trajectory.