The Elevation Group

DGAP-News: Eleving Group S.A.: Eleving Group (former Mogo Finance) reports unaudited results for the three months ended 31 March 2022

Retrieved on: 
Friday, May 13, 2022 - 7:04pm

Vehicle and Consumer Financing Portfolio has reached EUR 259.9 mlna record-high for the company and a 41.6% increase compared to Q1 2021.

Key Points: 
  • Vehicle and Consumer Financing Portfolio has reached EUR 259.9 mlna record-high for the company and a 41.6% increase compared to Q1 2021.
  • Modestas Sudnius, CEO of Eleving Group, commented: In the first quarter of 2022, Eleving Group has been successful both operationally and financially.
  • During the first quarter of 2022, we continued to demonstrate strong results across our markets and business lines.
  • The full unaudited report for the three months ended 31 March 2022 is available under: https://eleving.com/investors/
    A conference call in English with the Group's management team to discuss the results is scheduled for 17 May2022 at 15:00 CET.

DGAP-News: Eleving Group S.A.: Unaudited 3M 2022 results on 13 May 2022 - Invitation to earnings call on 17 May 2022

Retrieved on: 
Monday, May 9, 2022 - 1:16pm

Eleving Group and its group companies (the "Group"), specializing in the vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 17 May 2022, 15:00 CET, following the publication of its unaudited 3M 2022 results on 13 May 2022.

Key Points: 
  • Eleving Group and its group companies (the "Group"), specializing in the vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 17 May 2022, 15:00 CET, following the publication of its unaudited 3M 2022 results on 13 May 2022.
  • Group CEO Modestas Sudnius and CFO Maris Kreics will present and comment on the unaudited results by means of a presentation.
  • The presentation for the earnings call will be available here as of 16 May2022.
  • Eleving Group comprises a number of financial technology companies with a global presence.

Elevent Raises $2.75M Seed Round to Help Bring Employees Together

Retrieved on: 
Monday, April 4, 2022 - 2:00pm

This latest round was led by TDF Ventures with participation from Lightbank, K50 Ventures, Purple Arch Ventures, and Verissimo Ventures.

Key Points: 
  • This latest round was led by TDF Ventures with participation from Lightbank, K50 Ventures, Purple Arch Ventures, and Verissimo Ventures.
  • The prior round was $2 million and led by Lightbank with participation from K50, Purple Arch Ventures, and Verissimo Ventures.
  • Elevent was created in the post-COVID world and is leading the way in changing how modern companies book events.
  • About Elevent: Born out of a need to connect virtually, Elevent is your go-to marketplace for fun.

DGAP-News: Eleving Group S.A.: Eleving Group scales back operations in countries affected by the war in Ukraine

Retrieved on: 
Saturday, March 5, 2022 - 6:01pm

So far, only the business activities in Ukraine are directly affected, while further development in Belarus is being closely evaluated.

Key Points: 
  • So far, only the business activities in Ukraine are directly affected, while further development in Belarus is being closely evaluated.
  • With less than 3% of the total portfolio, Eleving Group has a limited presence in Ukraine.
  • To support the people of Ukraine, Eleving Group has joined the "Entrepreneurs for Peace" movement and donated EUR 100,000.
  • Modestas Sudnius, Group CEO of Eleving Group commented:
    "The situation in Ukraine deeply saddens us and our hearts at Eleving Group are with all those affected.

DGAP-News: Eleving Group S.A.: ELEVING GROUP (FORMER MOGO FINANCE) REPORTS UNAUDITED RESULTS FOR TWELVE MONTHS ENDED 31 DECEMBER 2021

Retrieved on: 
Tuesday, February 15, 2022 - 1:32pm

Our sales, annual revenue, and EBITDA have grown by at least 50%, proving strength of the Eleving Group business model.

Key Points: 
  • Our sales, annual revenue, and EBITDA have grown by at least 50%, proving strength of the Eleving Group business model.
  • Effective risk management through automated solutions, state-of-the-art IT systems, and established sales channels were the core pillars in achieving results.
  • While keeping our focus on the existing geographies, Eleving Group also launched a variety of new products.
  • Maris Kreics, CFO of Eleving Group: "2021 marks the best year in Eleving Group's 9-year history since inception in 2012.

DGAP-News: Eleving Group S.A.: Unaudited 12M 2021 results on 11 February 2022 - Invitation to earnings call on 15 February 2022

Retrieved on: 
Tuesday, February 8, 2022 - 12:12pm

Eleving Group and its group companies (the "Group"), specialized in vehicle and consumer financing, cordially invites investors and analysts to an earnings call with the ManagementBoard on 15 February2022, 15:00CET, following the publication of its unaudited 12M2021 results on 11 February2022.

Key Points: 
  • Eleving Group and its group companies (the "Group"), specialized in vehicle and consumer financing, cordially invites investors and analysts to an earnings call with the ManagementBoard on 15 February2022, 15:00CET, following the publication of its unaudited 12M2021 results on 11 February2022.
  • Group CEO Modestas Sudnius and CFO Maris Kreics will present and comment on the unaudited results by means of a presentation.
  • The presentation for the earnings call will be available here as of 14 February 2022.
  • For two consecutive years since 2020, the Group has appeared on the Financial Times list of Europe's 1000 fastest growing companies.

DGAP-News: Eleving Group S.A.: ELEVING GROUP announces issuance and settlement of EUR 25 million subordinated bonds

Retrieved on: 
Wednesday, December 29, 2021 - 12:04pm

Eleving Group (formerly known as Mogo Finance S.A.), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued subordinated bonds in the amount of EUR 25 million with a maturity of ten years (ISIN: XS2427362491).

Key Points: 
  • Eleving Group (formerly known as Mogo Finance S.A.), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued subordinated bonds in the amount of EUR 25 million with a maturity of ten years (ISIN: XS2427362491).
  • The subordinated bonds were issued with an annual interest rate of 12.00% and term until 2031.
  • Considering that the terms of the subordinated bonds are in line with Fitch's 'Corporate Hybrids Treatment and Notching Criteria (12 Nov 2020), Fitch gives 100% equity credit to the issued subordinated bonds.
  • Aalto Capital (Germany) acted as global coordinator and financial advisor to Eleving Group, Signet Bank AS (Latvia) as sales agent.

DGAP-News: Eleving Group S.A.: ELEVING GROUP (FORMER MOGO FINANCE) REPORTS UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021

Retrieved on: 
Friday, November 12, 2021 - 6:05pm

Eleving Group also saw a landmark Eurobond issuance in the amount of EUR 150 million, with the bonds listed on the Frankfurt Stock Exchange.

Key Points: 
  • 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 have designed green vehicle-electric and hybrid-financing products, which were introduced in Lithuania and Romania, with new markets to follow soon.
  • The proceeds were used to repay the previous Eurobond outstanding in the total amount of EUR 100 million as well as refinance other liabilities outstanding."
  • The full unaudited report for the nine months ended 30 September2021 is available under: https://eleving.com/investors/
    A conference call in English with the Group's management team to discuss the results is scheduled for 16 November2021 at 15:00 CET.

DGAP-News: Eleving Group S.A.: Unaudited 9M 2021 results on 12 November 2021 - Invitation to earnings call on 16 November 2021

Retrieved on: 
Wednesday, November 10, 2021 - 3:18pm

Eleving Group and its group companies (the "Group"), specialized in vehicle and consumer financing, cordially invites investors and analysts to an earnings call with the ManagementBoard on 16 November2021, 15:00CET, following the publication of its unaudited 9M2021 results on 12 November2021.

Key Points: 
  • Eleving Group and its group companies (the "Group"), specialized in vehicle and consumer financing, cordially invites investors and analysts to an earnings call with the ManagementBoard on 16 November2021, 15:00CET, following the publication of its unaudited 9M2021 results on 12 November2021.
  • Group CEO Modestas Sudnius and CFO Maris Kreics will present and comment on the unaudited results by means of a presentation.
  • The presentation for the earnings call will be available here as of 15 November 2021.
  • Eleving Group comprises a number of financial technology companies with a global presence.

DGAP-News: Mogo Finance S.A.: Eleving Group successfully issues EUR 150 million Corporate Bonds

Retrieved on: 
Friday, October 8, 2021 - 3:06pm

Eleving Group (the "Issuer", formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, rated B- (stable) by Fitch Ratings, is pleased to announce the successful issue of a EUR 150 million corporate bonds (ISIN: XS2393240887) at par with an annual interest rate of 9.50% and a maturity in the year 2026.

Key Points: 
  • Eleving Group (the "Issuer", formerly known as Mogo Finance), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, rated B- (stable) by Fitch Ratings, is pleased to announce the successful issue of a EUR 150 million corporate bonds (ISIN: XS2393240887) at par with an annual interest rate of 9.50% and a maturity in the year 2026.
  • The new bonds are expected to be included in the Open Market of the Frankfurt Stock Exchange on or about 18 October 2021.
  • Eleving Group comprises a number of international and fast-growing financial technology companies with a global presence.
  • To date, the Group has issued over 710 million in loans and runs a net loan portfolio of over 200 million.