Moltiply Group (MOL) Q1 2026 earnings summary

Executive summary

• Revenues rose 37.5% year-over-year to €182.7 million in Q1 2026, driven by strong growth in the Mavriq Division and the consolidation of Verivox.

• Net income nearly doubled year-over-year to €22.9 million, with EBITDA up 45.2% to €51.3 million.

• Mavriq Division saw broad-based revenue growth except for Shopping, while BPO & Tech Division revenues declined but improved margins.

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

Financial highlights

• Operating income increased 46.3% year-over-year to €32.4 million.

• EBITDA margin improved, with Mavriq Division EBITDA up 68.8% and BPO & Tech Division EBITDA up 10.0%.

• Net financial position improved to negative €427.3 million from negative €440.8 million at year-end 2025.

• Cash and cash equivalents stood at €133.9 million as of March 31, 2026.

Outlook and guidance

• Mavriq Division expects a decline in revenues and margins in Q2 2026 due to energy market volatility and mortgage contraction.

• BPO & Tech Division 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.

• Potential for rapid recovery in Mavriq Energy & Telco if geopolitical tensions ease.