AS DelfinGroup reports that 2021 has been the best year in the history of the company in terms of turnover and profit. The company has provided the following operational and financial information:
According to the company’s unaudited results, its revenue increased by 7.7% in 2021, reaching €25.5 million, while profit before tax reached €5.2 million, which is an increase of 7.2% compared to 2020.
In the last quarter of 2021, the company reached a quarterly turnover of €7.1 million, which was 9.2% more than in the third quarter. The company’s profit before tax in the fourth quarter increased by 41.7% compared to the third quarter and amounted to €1.7 million, while profit after tax increased by 60% to €1.6 million.
In August 2021, AS DelfinGroup published financial targets for 2022 on Nasdaq Riga, which envisaged, inter alia, an increase in the company’s loan portfolio over €51 million and a pre-tax profit of €8.7 million. The results so far show that the company is making good progress towards the fulfillment of the set targets.
DelfinGroup is a licenced technology-based financial services company that was established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), as well as sale of pre-owned goods both online and at more than 90 branches across Latvia. On average, 35 thousand loans are issued every month and serviced by a professional team of more than 280 employees. The company has a total of over 400 000 registered customers. Since 2014, AS DelfinGroup has been listed on the Nasdaq Riga Stock Exchange as a bond issuer and since 2021 as a share issuer on the Baltic Main List.
Starting from 06.05.2021 there have been changes in the ownership structure and some equity investors overlap with Mintos.