AS DelfinGroup reports an income of €7.48 million in the first quarter, a 24% increase compared to the same period in 2021. The company has provided the following operational and financial information:
Profit before tax increased by 42%, reaching €1.6 million, while net profit grew by 76%, reaching €1.4 million. The company’s net loan portfolio increased by 46% year-on-year and reached €47 million. EBITDA in the first quarter was €2.58 million, an 8% growth.
In accordance with the development plan, this year AS DelfinGroup expects to hit a profit before tax of €8.7 million and €12 million EBITDA. The loan portfolio is expected to grow to €51 million. In 2021, AS DelfinGroup achieved record turnover and profit. Revenue increased by 7.7%, reaching €25.5 million, while profit before tax reached €5.2 million, an increase of 7.2% compared to 2020. More information on the financial results of AS DelfinGroup is available on the company’s website www.delfingroup.lv or on the website of the stock exchange Nasdaq Riga https://nasdaqbaltic.com/lv/.
DelfinGroup was founded in 2009 and is the owner company of the loan originators Banknote and VIZIA. DelfinGroup is the second-largest non-bank consumer lender in Latvia. Since its inception, the company has issued more than €371 million of pawn loans and consumer loans, and the client base has reached 400 000 customers. Banknote offers personal loans and pawn loans (loans secured with personal property) in its 93 branches across Latvia. VIZIA specializes in consumer loans, focusing on medium-to-higher income customers and their financial needs in various life situations. Shares of DelfinGroup are listed on the Nasdaq Baltic Main list.
Starting from 6 May 2021, there have been changes in the ownership structure, and some equity investors overlap with Mintos.