DGAP-News: Eleving Group S.A.: ELEVING GROUP (FORMER MOGO FINANCE) REPORTS UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
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Eleving Group also saw a landmark Eurobond issuance in the amount of EUR 150 million, with the bonds listed on the Frankfurt Stock Exchange.
DGAP-News: Eleving Group S.A. / Key word(s): 9 Month figures/9 Month figures Eleving Group S.A.: ELEVING GROUP (FORMER MOGO FINANCE) REPORTS UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 12.11.2021 / 18:09 The issuer is solely responsible for the content of this announcement. Record profitability as a result of steady operational and financial performance
OPERATIONAL AND STRATEGIC HIGHLIGHTS
Modestas Sudnius, CEO of Eleving Group, commented: "By keeping the strategic focus on the Group's existing markets and continuing to pursue steady growth, Eleving Group has reached multiple substantial milestones in the third quarter of 2021. Our nine-month key performance indicators have already exceeded the results of the entire 2020, and so far, we are turning in the best financial performance in the Group's history. We have managed to strengthen our position across all Eleving markets. We continue to demonstrate strong quarter-on-quarter growth in Kenya and Uganda, where we are focusing on motorcycle-taxi financing. Also, we have achieved the highest issuances since the beginning of the pandemic across multiple vehicle financing markets (Estonia, Moldova, Belarus), and we are steadily shifting consumer finance portfolio to longer maturity, higher ticket products. Eleving Group also saw a landmark Eurobond issuance in the amount of EUR 150 million, with the bonds listed on the Frankfurt Stock Exchange. We are grateful to our investors' community across Europe, who showed trust in the company and our vision. The money raised will allow us to refinance our current obligations and secure stable financing for the company in the foreseeable future. Not only was this a milestone for Eleving Group but also for the Baltic capital markets since it has been one of the largest bond issuances of all time by a private company headquartered in the Baltics. In the third quarter of 2021, we continued to implement our ESG strategy. We have designed green vehicle-electric and hybrid-financing products, which were introduced in Lithuania and Romania, with new markets to follow soon. Additionally, we have embarked on a course of offsetting the Group's carbon footprint and kicked-off a process for developing long-term ESG KPIs."
IMPORTANT INFORMATION
12.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Eleving Group S.A. |
8-10 avenue de la Gare | |
1610 Luxembourg | |
Luxemburg | |
Internet: | www.eleving.com |
ISIN: | XS1831877755 |
WKN: | A191NY |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Munich, Tradegate Exchange; SIX |
EQS News ID: | 1248833 |
End of News | DGAP News Service |
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1248833 12.11.2021