The Elevation Group

EQS-News: Eleving Group S.A.: Eleving Group obtains a financial services provider EC Finance Group Ltd., through integration and combination of both companies’ equity amounts

Retrieved on: 
Wednesday, July 19, 2023
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Eleving Group S.A.: Eleving Group obtains a financial services provider EC Finance Group Ltd., through integration and combination of both companies’ equity amounts

Key Points: 
  • Eleving Group S.A.: Eleving Group obtains a financial services provider EC Finance Group Ltd., through integration and combination of both companies’ equity amounts
    The issuer is solely responsible for the content of this announcement.
  • Eleving Group, a global multi-brand fintech company, has started the process of integrating EC Finance Group Ltd., better known as ExpressCredit, a consumer finance provider operating in the Southern Africa region, into its direct subsidiary AS Eleving Finance.
  • With the integration of EC Finance Group, Botswana, Namibia, Lesotho, and Zambia are added to Eleving Group's portfolio in Africa.
  • Eleving Group plans to continue to offer already established consumer finance services in the new markets and implement new products.

EQS-News: Eleving Group S.A.: Fitch Affirms Eleving Group at 'B-'; Outlook Stable

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Thursday, June 29, 2023
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Fitch Ratings - Frankfurt am Main - 28 Jun 2023: Fitch Ratings has affirmed Eleving Group's Long-Term Issuer Default Rating (IDR) at 'B-', with a Stable Outlook.

Key Points: 
  • Fitch Ratings - Frankfurt am Main - 28 Jun 2023: Fitch Ratings has affirmed Eleving Group's Long-Term Issuer Default Rating (IDR) at 'B-', with a Stable Outlook.
  • Fitch views the current leverage level as commensurate with Eleving's business model and credit risk exposure.
  • Fitch expects the generation of new impaired loans will remain below 10% in 2023 (8% in 2022, 11% in 2021).
  • Strong Profitability Reflects Risk Appetite: Eleving's profitability reflects its high-risk, high-yield business model and should remain stable in 2023.

EQS-News: Eleving Group S.A.: Eleving Group reports unaudited results for the three months ended on 31 March 2023

Retrieved on: 
Friday, May 12, 2023
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Traditional lease and leaseback products contributed EUR 17.0 mln to the 3M 2023 revenues—up by 12.4% compared to 3M 2022 and up by 2.1% QOQ.

Key Points: 
  • Traditional lease and leaseback products contributed EUR 17.0 mln to the 3M 2023 revenues—up by 12.4% compared to 3M 2022 and up by 2.1% QOQ.
  • Revenues from the consumer loan segment contributed EUR 13.2 mln to the 3M 2023 revenues—down by 26.0% compared to 3M 2022, but stable QOQ.
  • During Q1, Eleving Group continued its course towards a more sustainable future and achieved several milestones in line with its ESG strategic objectives.
  • Consequently, the Group actively evaluates various refinancing opportunities and anticipates disclosing further details in the forthcoming months.

EQS-News: Eleving Group S.A.: Unaudited 3M 2023 results on 12 May 2023 - Invitation to the earnings call on 15 May 2023

Retrieved on: 
Thursday, May 11, 2023
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The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Eleving Group and its group companies (the "Group"), specializing in vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 15 May 2023, 15:00 CET, following the publication of its unaudited 3M 2023 results on 12 May 2023.
  • 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 12 May 2023.

CareTrust REIT Grows in Georgia with New Operator Relationship

Retrieved on: 
Monday, May 1, 2023
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CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area.
  • The acquisition represents CareTrust’s second skilled nursing facility in the State of Georgia.
  • Concurrently with the acquisition, CareTrust has entered into a new tenant relationship with Elevation Group, LLC, a Florida-based skilled nursing operator led by two industry veterans and brothers Ken and Dan Funk.
  • James Callister, CareTrust’s Chief Investment Officer commented that, “We are tremendously excited that this acquisition begins CareTrust’s relationship with Elevation Group.

EQS-News: Eleving Group S.A.: Eleving Group reports unaudited results for the twelve months ended 31 December 2022

Retrieved on: 
Wednesday, February 22, 2023
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The negative trend observed in the annual consumer loan revenue mainly stemmed from the run-down of the Ukrainian portfolio.

Key Points: 
  • The negative trend observed in the annual consumer loan revenue mainly stemmed from the run-down of the Ukrainian portfolio.
  • The initiative is still in its early stages of development, yet the first electric motorcycle customers have already been financed.
  • During Q4, Eleving Group continued its course towards a more sustainable future and achieved several milestones aligned with its ESG strategic objectives.
  • “Last quarter ended the best year for Eleving Group in terms of EBITDA, revenue, net profit, and other fundamental business indicators.

EQS-News: Eleving Group S.A.: Unaudited 12M 2022 results on 15 February 2023 - Invitation to earnings call on 16 February 2023

Retrieved on: 
Monday, February 13, 2023
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The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Eleving Group and its group companies (the "Group"), specializing in vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 16 February 2023, 15:00 CET, following the publication of its unaudited 12M 2022 results on 15 February 2023.
  • 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 February 2023.

FINN Partners Promotes Celia Jones to Global Chief Marketing Officer

Retrieved on: 
Monday, January 9, 2023
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NEW YORK, Jan. 9, 2023 /PRNewswire/ -- FINN Partners announced today that it has promoted Celia Jones, JD, to Global Chief Marketing Officer, from her previous role as Global Director of Marketing Communications. The promotion recognizes Jones' outstanding contributions to elevating the agency's mission-driven brand and reputation as a top global integrated powerhouse.

Key Points: 
  • As Momentum Surges, Jones is Tapped to Take the Agency to the Next Level, Elevating FINN's Reputation and Culture as a Global Integrated Powerhouse Fueled by Purpose
    NEW YORK, Jan. 9, 2023 /PRNewswire/ -- FINN Partners announced today that it has promoted Celia Jones, JD, to Global Chief Marketing Officer, from her previous role as Global Director of Marketing Communications.
  • During these tumultuous times, our purpose is a true competitive advantage," said Celia Jones, Global Chief Marketing Officer, FINN Partners.
  • Jones joined FINN Partners in 2021 as the agency's first Global Director of Marketing Communications.
  • Jones also led Brand Marketing and PR at Havas, in addition to stewarding Global Marketing for top independent experience design agency Critical Mass.

EQS-News: Eleving Group S.A.: Eleving Group reports unaudited results for nine months ended on 30 September 2022

Retrieved on: 
Monday, November 7, 2022
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Tightened underwriting policy has been introduced throughout the Group due to the economic uncertainty surrounding the operating jurisdictions.

Key Points: 
  • Tightened underwriting policy has been introduced throughout the Group due to the economic uncertainty surrounding the operating jurisdictions.
  • Additionally, the Group has implemented a support program for employees with kids and a re-onboarding plan for employees returning from parental leave.
  • The Group has continued to diversify its capital structure by raising EUR 4 mln debt via private bond issuance in Kenya.
  • It has been another excellent quarter for Eleving Group since the business continues to grow steadily as evidenced by all the fundamental figures.

EQS-News: Eleving Group S.A.: Unaudited 9M 2022 results on 7 November 2022 - Invitation to earnings call on 9 November 2022

Retrieved on: 
Thursday, November 3, 2022
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Eleving Group and its group companies (the "Group"), specializing in vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 9 November 2022, 15:00 CET, following the publication of its unaudited 9M 2022 results on 7 November 2022.

Key Points: 
  • Eleving Group and its group companies (the "Group"), specializing in vehicle and consumer financing, cordially invite investors and analysts to an earnings call with the Management Board on 9 November 2022, 15:00 CET, following the publication of its unaudited 9M 2022 results on 7 November 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 9 November2022.
  • Eleving Group comprises a number of financial technology companies with a global presence.