DelfinGroup reports that it has maintained stable growth indicators in all segments of its business in the third quarter of 2022. The company has provided the following operational and financial information:
DelfinGroup’s company’s income increased 48% year-on-year in Q3, reaching €9.6m. In addition, profit before taxes rose 49%, to €1.8m, while the loan portfolio grew 39% since the beginning of the year, reaching €59.7m.
DelfinGroup’s total income in the first nine months of this year was €25.7m, an increase of 39% compared to the same period of 2021, while profit before taxes for the same period reached €5.4m, an increase of 55% year-on-year.
In light of this year’s results, the company has updated its financial goals until 2024, raising the forecast for 2024 and setting new goals for 2023.
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.
Since 6 May 2021, there have been changes in the ownership structure, and some equity investors have overlapped with Mintos.