Net Digital AG’s aggressive forecast revision and a decisive control agreement
Net Digital AG, the Munich‑based software developer that specialises in secure private‑key storage and payment‑processing solutions, announced on 29 October a sharp upward revision of its 2025 financial outlook. The company now projects a revenue of €33 million to €35 million, a substantial jump from the previously expected €23 million to €27 million. EBITDA is also projected to rise, now targeting €3.6 million to €4.0 million instead of the earlier range of €2.4 million to €2.8 million. These figures, released via an EQS‑ad‑hoc and corroborated by several financial news outlets—including 4Investors, Onvista, Wallstreet‑Online, and Finanznachrichten—signal a bold confidence in the firm’s market traction.
The upward revision is not a mere technical adjustment; it reflects a tangible shift in Net Digital’s revenue engine. By expanding its consulting, training, and development services to a broader clientele within Germany, the company has moved beyond its core niche of private‑key storage. The new forecast aligns with the company’s stated ambition to become a full‑service provider for secure payment solutions, capitalising on a growing demand for end‑to‑end digital‑finance infrastructure.
A strategic control agreement with Mobile Business Engine GmbH
Shortly after the forecast announcement, Net Digital held an extraordinary general meeting on 31 October in Düsseldorf. Shareholders approved a beherrschungs‑ und gewinnabführungsvertrag (control and profit‑transfer agreement) with Mobile Business Engine GmbH. The agreement effectively places Mobile Business Engine at the helm of Net Digital’s operations, allowing the former to steer strategic decisions and to absorb the company’s profits. In the German corporate context, such agreements are rare for a company of Net Digital’s size and are often a precursor to a full acquisition or a decisive restructuring.
The timing of the agreement, coinciding with the optimistic financial outlook, suggests a deliberate effort to align capital, expertise, and market reach. Mobile Business Engine, itself a player in the digital‑commerce sphere, can leverage Net Digital’s secure‑key infrastructure to broaden its service portfolio. For Net Digital, the partnership promises immediate capital injection and access to a wider customer base—critical for sustaining the aggressive growth trajectory outlined in the revised forecast.
Market reaction and valuation implications
The market has responded swiftly. On the Frankfurt Stock Exchange’s Xetra platform, Net Digital’s share price closed at €15 on 29 October, a modest rise from the €14.20 recorded the previous trading day. While the 52‑week high remains at €18.70 (set on 6 August) and the low at €2.66 (set on 12 February), the recent developments have nudged the price closer to its upper boundary. The market cap, standing at roughly €32.5 million, reflects the company’s niche yet growing footprint in Germany’s fintech sector.
Analysts observe that the combination of a high‑growth forecast and a control agreement may trigger a valuation recalibration. Investors who previously viewed Net Digital as a modest mid‑cap player could now see it as a strategic asset in a rapidly consolidating digital‑payment market. Conversely, skeptics warn that the partnership may dilute Net Digital’s independence and concentrate control in Mobile Business Engine’s hands—potentially limiting the company’s ability to pursue its own innovation agenda.
Bottom line
Net Digital AG’s latest forecast is a clear statement: the firm is poised for rapid expansion. Its decision to cede control to Mobile Business Engine is a bold move that could accelerate growth but also introduces new governance dynamics. As the German fintech landscape continues to evolve, stakeholders will need to monitor how this partnership translates into real‑world market share and whether the projected financial gains materialise.
