Overview
Sweden fintech platform's Q1 revenue rose 15% yr/yr to SEK 29.2 mln
Net profit climbed to SEK 35.2 mln, with adjusted EPS at SEK 0.61
EBITDA remained negative due to investments in credit market company transition
Outlook
Company says new financial targets will take effect upon receipt of credit market company licence
SaveLend Group aims to achieve market-leading return on equity and annual growth in total capital
Company expects to expand revenue streams by accepting deposits after regulatory approval
Result Drivers
LOAN VOLUME GROWTH - Co said a 68% increase in loans originated on its platform was the main driver of revenue growth
INVESTMENTS IN TRANSFORMATION - Negative EBITDA attributed to one-off costs and investments in becoming a credit market company
Company press release: ID:nMFN2CMLCx
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 29.20 mln
Q1 Adjusted EPS
SEK 0.61
Q1 Net Income
SEK 35.20 mln
Q1 EBIT
-SEK 6.80 mln
Q1 EBITDA
-SEK 3.30 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)