Netfonds AG Sets Financial Milestones for FY25

Netfonds AG has started FY25 on a strong note, reporting impressive financial figures. The company has achieved a record Assets under Administration (AuA) of €28.3 billion, surpassing previous estimates of €27 billion. Additionally, Assets under Management (AuM) have crossed the €4 billion mark, aligning with projections.

The company's robust AuA growth assures the meeting of FY24 guidance of €220-230 million in gross sales and €41.5-43 million in net sales. Projections for FY25 suggest €51 million in net sales and €260 million in gross sales, reflecting dynamic year-on-year growth.

Netfonds is strategically acquiring new assets, reinforcing its market position. The issuance of a €15 million unsecured bond at 7% will fund acquisitions, signaling ongoing market consolidation efforts.

The company targets mid-term net sales of €59 million and an EBITDA of €23 million by FY26. With these developments, Netfonds AG is positioned for sustainable growth.