Press Releases
September 14, 2023
Company News
DelfinGroup will pay out more than 883 thousand euros in dividends for the second quarter
Latvian fintech company DelfinGroup will pay out more than 883 thousand euros or 0.0195 euros per share in dividends for the second quarter of 2023, according to the decision made at the Extraordinary Meeting of Shareholders on 14 September.
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September 7, 2023
Industry News
Survey: 48% of people in Latvia know nothing about the circular economy
Circular economy principles help to make materials and items last longer, thus significantly reducing waste. To achieve this, people’s habits and involvement also play an important role, but a survey* conducted by the Latvian fintech company DelfinGroup and Norstat Latvija found that public knowledge of the circular economy is poor – 48% of respondents in Latvia do not know about the circular economy and haven’t even heard of it.
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August 21, 2023
Company News
The new concept Banknote branch is now open in Jēkabpils
Continuing the development and improvement of the Banknote circular economy retail network, a new concept store has opened in Jēkabpils, moving to new and more spacious premises. The new Banknote store is located at 146 Brīvības Street, next to the Old Town Square.
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August 9, 2023
Company News
Revenue of DelfinGroup grew by 52% in the second quarter
The Latvian fintech company DelfinGroup continued to show stable growth in all business segments in the second quarter of 2023, which was reflected in the financial results. The company's revenue in the second quarter of 2023 increased by 52% compared to the same period last year, reaching 12.3 million euros. DelfinGroup EBITDA increased to 4.3 million euros, up 41% compared to Q2 2022, while profit before tax increased by 7% to 2 million euros. The company’s loan portfolio has reached 78.1 million euros, up 16% since the beginning of the year.
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July 27, 2023
ESG
DelfinGroup prevented 5 437 additional tonnes of greenhouse gas emissions in the previous year
By developing circular economy services and encouraging the recycling of goods, the fintech company DelfinGroup has prevented an additional 5 437 tonnes of greenhouse gas emissions in the previous year, thus covering the yearly emissions of 1 316 Latvian residents, as stated in the Sustainable Corporate Governance or ESG Report 2022 by DelfinGroup.
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July 6, 2023
Company News
DELFINGROUP BUSINESS RESULTS FOR Q2 2023
Continuing to show growth in all business segments, fintech company DelfinGroup increased the sales of pre-owned, slightly pre-owned and new goods by 36% in the first half of 2023 compared to the corresponding period last year, reaching 7 million euros. Meanwhile, reaching a 29% increase in new loan issuance.
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July 3, 2023
Company News
DelfinGroup starts listing new bonds on Nasdaq First North alternative market
Latvian fintech company DelfinGroup on Monday, 3 July, starts listing 10 million euros bonds on Nasdaq First North alternative market of Nasdaq Riga. The company completed the issue of bonds with a floating interest rate of 8.75% and 3M EURIBOR. The par value of one bond is 1000 euros, with a maturity date of 25 September 2024.
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June 12, 2023
Company News
DelfinGroup will pay out more than 800 thousand euros in dividends for the first quarter of this year
Latvian fintech company DelfinGroup will pay out more than 800 thousand euros, or 0.0177 euros per share, in dividends for the first quarter of 2023. It was decided at an extraordinary meeting of shareholders on 12 June.
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June 6, 2023
Company News
Changes to the Management Board of DelfinGroup
Strengthening innovation development as a strategic priority for the company, financial technology and innovation expert Nauris Bloks has been appointed to the Management Board of the Latvian fintech company DelfinGroup. The change in the Management Board is in line with DelfinGroup strategy to continue its growth by strengthening it with new innovative fintech solutions.
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June 5, 2023
Company News
Investors demonstrated strong interest: DelfinGroup share offer oversubscribed by 1.12 times
Investors from all Baltic states have shown significant interest in the public offering of Latvian fintech company AS DelfinGroup shares made by two largest shareholders of the company – SIA L24 Finance and SIA EC finance, – which concluded on Friday. A total of 2,915 investors subscribed to 5,242,209 shares, equivalent to approximately 7.1 million euros, indicating that the offering was oversubscribed by 1.12 times.
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June 1, 2023
Industry News
DelfinGroup shareholders have approved the annual report for 2022
At the annual general meeting of shareholders of Latvian fintech company DelfinGroup, shareholders decided to approve the company's report for 2022, prepared by the Management Board and reviewed by the Supervisory Board. The report describes 2022 as a year of growth for the company, which met previously set targets and sets ambitious plans for 2023.
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May 23, 2023
Company News
Banknote develops new service - remote purchasing of pre-owned goods
To make it easier for people to re-sell pre-owned and slightly pre-owned goods and motivate people to follow the circular economy principles, Banknote, the circular economy retail network owned by DelfinGroup, is the first to offer purchasing goods remotely
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May 22, 2023
Company News
The offer period for DelfinGroup shares has started on Nasdaq Riga stock exchange
Today, on May 22, the offer period of Latvian fintech company AS DelfinGroup shares started on Nasdaq Riga stock exchange. The subscription period will last until June 2 (15:30 Riga time). During the public offerings of shares, investors from Latvia, Lithuania, and Estonia will be able to purchase up to 4.66 million DelfinGroup shares. These shares are offered by the two largest shareholders of the company – SIA L24 Finance and SIA EC finance. The offer price per share is 1.35 euros.
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May 18, 2023
Company News
DelfinGroup shareholders will make public offer of 4.66 million DelfinGroup shares
The Bank of Latvia has approved prospectuses submitted by two largest shareholders of AS DelfinGroup – SIA L24 Finance and SIA EC finance – for the public offer to sell part of their DelfinGroup shares. Thus, investors in Latvia, Lithuania and Estonia will have the opportunity to purchase up to 4.66 million DelfinGroup shares. The offer price is 1.35 euros per share. The subscription period will last from May 22 to June 2 inclusive.
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May 10, 2023
Company News
DelfinGroup increases revenues by 46% in the first quarter
Continuing to show growing business indicators, Latvian fintech company DelfinGroup revenues in the first quarter of 2023 increased by 46%, reaching 11.1 million euros compared to the same period last year. The company's EBITDA increased to 3.9 million euros, which is 53% more than in the first quarter of 2022, while profit before taxes increased by 16% to reach 1.8 million euros. In addition, DelfinGroup loan portfolio has increased by 9% since the beginning of the year, reaching 73.5 million euros.
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April 13, 2023
Company News
The largest Banknote XL store opens in Riga
With the aim of providing people with an even more comprehensive range of pre-owned and verified goods in one place, as well as motivating people to turn to the principles of the circular economy, the largest store of pre-owned goods, Banknote XL, has opened in Riga at Jūrmalas gatve 30, Imanta, with an area of 300 m2. The investments in the store exceed 50,000 euros, providing the opportunity to buy more than 4,500 new and pre-owned goods on-site, as well as to sell things that are no longer used in the household.
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April 6, 2023
Financial statements
DelfinGroup increases the sales amount of goods in the first quarter by 43%
In the first quarter of 2023, the fintech company DelfinGroup has increased the issuance of new loans by 58% compared to the same period last year, while the sale of goods has grown by 43%, indicating steady and well-considered growth.
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March 29, 2023
Company News
DelfinGroup will pay dividends of 838 thousand euros for the last quarter of 2022
Latvian fintech company DelfinGroup will pay dividends of EUR 838,412.49, or EUR 0.0185 per share, for the last quarter of 2022, as it was decided at the extraordinary meeting of shareholders on 29 March. Last year, the company made 6 dividend payments of more than EUR 5 million in total, or EUR 0.1197 per share, which provided shareholders with a very good return of 8.1%.
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March 21, 2023
Industry News
Survey: 72% of people in Latvia store outdated items in their households
Although society is increasingly talking about the circular economy, promoting the reuse of things, the overwhelming majority, or 72% of people in Latvia still keep things in their households that have outlived their useful life. Moreover , only 15% of respondents tend to sell such items and 12% – donate them to charities, according to a survey* conducted by Latvian fintech company DelfinGroup.
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March 9, 2023
Company News
Expert: Businesses have been closing branches in the regions too rapidly
With an aim to strengthen the circular economy in trade, Latvian fintech company DelfinGroup continues to develop its circular economy trade network Banknote by investing more than EUR 127,000 in the reconstruction and development of its branches. At the same time, the company points out that the development of the branch network is also driven by the high public demand for convenient financial services and in-person options for the circulation of goods, as opposed to the general tendency to close various types of service outlets.
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February 27, 2023
Company News
Last year, the profit of DelfinGroup increased by 40%
In 2022, profit before taxes of the Latvian fintech company DelfinGroup increased by 40%, reaching 7.3 million euros, while income amounted to 35.1 million euros, according to the company's unaudited financial results for 2022. Whereas, since the end of 2021, the company's loan portfolio has increased by 54% to 67.4 million euros. The EBITDA of DelfinGroup increased to 13.1 million euros, a 29% growth compared to 2021.
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February 22, 2023
Company News
DelfinGroup invites to join its webinar about the financial results for 12 months of 2022
DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on March 1, 2023, at 11 AM (EET). To join the webinar, please follow the instructions below.
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February 10, 2023
Company News
Last year DelfinGroup invested more than EUR 100 000 in digitisation solutions
By introducing new technological solutions, last year Latvian Fintech company DelfinGroup invested more than EUR 100 000 in digitising its services, which has enabled improved financial services to be brought to the market.
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January 30, 2023
Company News
DelfinGroup launches a unique program for Latvia and grants company stock options to employees
The Latvian FinTech company DelfinGroup has created a staff option program as a part of the long-term motivation program, which the company's shareholders approved to promote the employees' sense of belonging to the company. A total of 450 thousand company shares will be issued as part of the program.
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January 16, 2023
Company News
DelfinGroup partners up with BA School of Business and Finance and Riga Technical University
Latvian fintech company DelfinGroup is pleased to announce that it has signed an agreement with BA School of Business and Finance (BASBF) and Riga Technical University (RTU) on cooperation in the fields of studies and research. As a result, the fintech company and these higher education institutions have arranged to work together as part of the Financial Management Information Systems joint vocational bachelor study programme taught by BASBF and RTU.
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January 5, 2023
Financial statements
DelfinGroup business results for Q4 2022
In the 4th quarter of 2022, as throughout all of 2022, DelfinGroup continued to show strong results in new loan issuance and the sale of pre-owned goods.
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