Sweden's SaveLend Q2 revenue rises on billing platform divestment

SaveLend AB

13/08/2026 07:39

Overview
Sweden fintech firm's Q2 net revenue grew 9% yr/yr after billing platform divestment
Q2 EBITDA and net profit declined due to increased costs for credit market company preparations
Company acquired Refino AB's debt consolidation loan business and issued SEK 14 mln convertible notes

Outlook
Company expects Refino AB debt consolidation loan business to contribute positively to revenue and earnings
SaveLend Group anticipates commencing operations as a licensed credit market company during 2027
Company says SEK 14 mln capital raise will strengthen financial position ahead of credit market company transition

Result Drivers
CONSUMER LOAN PORTFOLIO - Co said revenue growth was held back by a 15% smaller average consumer loan portfolio, following a decision to limit new lending to protect cash flow
COSTS FOR LICENSING PREPARATIONS - Co said higher external and personnel costs were mainly due to preparations for credit market company licence application
HIGHER COMMISSIONS - Co said about 30% of personnel cost increase was due to higher commissions from increased real estate lending and deposit volumes

Company press release: ID:nMFN4SSRn3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 29.30 mln
 
Q2 Adjusted Loss Per Share
 
SEK 0.15
 
Q2 Net Loss
 
SEK 8.40 mln
 
Q2 EBIT
 
-SEK 8.60 mln
 
Q2 EBITDA
 
-SEK 5.10 mln
 

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(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.)