Moltiply Group (MOL) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenues rose 37.5% year-over-year to €182.7M, with EBITDA up 45.2% to €51.3M and net income nearly doubling to €22.9M, driven by Mavriq Division growth and Verivox consolidation.

• Both Mavriq and BPO & Tech divisions contributed, though BPO & Tech saw a revenue decline offset by margin expansion.

• Mavriq's organic growth faces near-term headwinds from energy market volatility and mortgage contraction, while BPO & Tech benefits from a favorable business mix and tech investments.

• Board of directors renewed for 2026–2028, with new committee appointments and confirmation of director independence.

Financial highlights

• Operating income rose 46.3% year-over-year to €32.4M, with EBIT margin expansion.

• Mavriq revenues surged 80.7% to €120.5M, while BPO & Tech revenues declined 6.0% to €62.1M, but EBITDA margin for BPO & Tech expanded to 25.0%.

• Net financial position improved to negative €427.3M at March 2026; cash and equivalents at €133.9M.

Outlook and guidance

• Mavriq expects Q2 2026 revenue and margin contraction due to energy sector decline and mortgage market weakness, with potential for rapid recovery if geopolitical tensions ease.

• BPO & Tech anticipates continued EBITDA margin expansion and gradual easing of mortgage market headwinds.

• Medium- to long-term expectations remain stable, contingent on geopolitical developments affecting energy markets.