EQS-News

Eleving Group reports audited results of 2024 29.04.2025, 17:10 Uhr von EQS News Jetzt kommentieren: 0

Werte zum Artikel
Name Aktuell Diff. Börse
Eleving Group 1,71 EUR ±0,00 % Gettex

EQS-News: Eleving Group S.A. / Key word(s): Annual Report
Eleving Group reports audited results of 2024

29.04.2025 / 17:10 CET/CEST
The issuer is solely responsible for the content of this announcement.


Eleving Group, a Baltic-headquartered and Luxembourg-domiciled global multi-brand fintech company, has published its Integrated Annual Report for the financial year 2024, confirming strong performance and setting the stage for continued growth.

In 2024, Eleving Group achieved significant milestones, demonstrating robust financial strength and operational excellence. The audited financial results reflect a net loan portfolio of EUR 371.2 mln, revenues of EUR 216.6 mln, total net profit of EUR 29.6 mln, and EBITDA of EUR 89.8 mln. All of these results are historically best for the company, beating last year's results by approximately 20%.

Consistent with the Group's dividend policy, Eleving Group management proposes to distribute approximately EUR 14.8 mln to its shareholders in dividends, delivering a compelling dividend yield of 7.47% or EUR 0.127 per share when compared to the IPO price of EUR 1.70 (excluding treasury shares held by Eleving Group). Eleving Group’s management remains committed to distributing interim dividends for the first six months of 2025 in November 2025.

"2024 was a defining year for Eleving Group — marked by exceptional financial performance, strategic achievements, and continued operational refinement. We significantly expanded our market presence, advanced digital initiatives, strengthened our risk management practices, successfully entered the public equity market, and progressed substantially on our sustainability objectives. All of this sets the stage for future growth and enhanced value creation.

Looking ahead, our strategy revolves around three fundamental pillars: strengthening our footprint in existing markets, broadening our product portfolio, and exploring new geographical opportunities. This strategic direction strongly positions us to substantially grow and scale Eleving Group’s business in the coming years. As we move forward, we remain firmly committed to delivering value to our shareholders through sustained business growth and consistent bi-annual dividend distributions," adds Modestas Sudnius, the CEO of Eleving Group.

Integrated Annual Report 2024 can be found here: https://www.eleving.com/investors/reports

About Eleving Group

Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products. Currently, 53% of the group's loan portfolio is located in Europe, 34% in Africa, and 13% in the rest of the world. 

The Group's historical customer base exceeds 1.3 mln customers worldwide, while the total volume of loans issued goes beyond EUR 2.0 bln. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by over 2790 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies published by the Financial Times in 2020 and 2021, while in 2024, Eleving Group was ranked as the 41st fastest-growing European company in the last decade in 'Europe's Long-Term Growth Champions 2024' research by Financial Times and Statista. 

Read more: www.eleving.com


29.04.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Eleving Group S.A.
8-10 avenue de la Gare
1610 Luxembourg
Luxemburg
Internet: www.eleving.com
ISIN: LU2818110020, XS2393240887
WKN: A40Q8F , A3KXK8
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; SIX
EQS News ID: 2126998

 
End of News EQS News Service

2126998  29.04.2025 CET/CEST

Kommentare (0) ... diskutiere mit.
Werbung

Handeln Sie Aktien bei SMARTBROKER+ für 0 Euro!* Profitieren Sie von kostenloser Depotführung, Zugriff auf 29 deutsche und internationale Börsenplätze und unschlagbar günstigen Konditionen – alles in einer innovativen, brandneuen App. Jetzt zu SMARTBROKER+ wechseln und durchstarten!

*Ab 500 EUR Ordervolumen über gettex. Zzgl. marktüblicher Spreads und Zuwendungen.

k.A. Pkt (k.A.) k.A. % k.A. Pkt
k.A. Pkt (k.A.) k.A. % k.A. Pkt
k.A. Pkt (k.A.) k.A. % k.A. Pkt
BörsenNEWS.de
Registrieren
Schreib den ersten Kommentar!

Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer