June 13, 2022
DelfinGroup will pay 702 thousand euros in dividends for the first quarter of 2022
AS DelfinGroup will pay 702 453, 71 euros in dividends for the first quarter of 2022 or 0,0155 euros per share, the shareholders resolved at their extraordinary meeting on 10 June. Since the company’s initial public offering (IPO) in October 2021, it will have paid almost 4,5 million euros or 0,0992 euros per share in dividends which constitutes 6,53% of the IPO share price. 2542 429,23 euros or 0,0561 euros per share have already been distributed to shareholders. Moreover 1 953 274,5 euros or 0,0431 euros per share will be distributed in June and July according to the decision passed in this shareholders’ meeting.
The ex-date for the first quarter dividends is set for 27 June 2022, which means dividends will be paid for the shares acquired by 27 June. The dividend payment date is set to be 29 June 2022. The payment date of dividends from profits of 2020 and 2021, according to the resolution of the 29 April shareholders meeting, is set to be 15 July and 1 250 820,79 euros or 0,0276, euros per share will be disbursed
Aldis Umblejs, CFO of AS DelfinGroup: “AS DelfinGroup moves forward with stable growth rate and respectively high returns for its shareholders by regularly distributing up to 50% of its quarterly profit in addition to annual dividends. In the three quarters following the IPO, the shareholders will have received almost two million euros or 0,044 euros per share, moreover, 2,5 million euros or 0,0552 euros per share were disbursed to shareholders in annual dividends, totaling 0,0992 euros. per share. “
Last year has been the most successful in the history of the company and the results at the beginning of this year show similar prospects. The first quarter showed an increase in revenues of 24% and reached 7,48 million euros, while the profit before tax reached 1,6 million euros which was an increase of 42% year on year. During the first couple of weeks following the beginning of the war in Ukraine, our clients’ response was prudent, but it resumed to a previous level quite rapidly. Pawn lawns and other consumer lending segments have shown stable growth since the beginning of the year. In total new loans in the amount of 15,1 million euros were issued in the first three months, which is a 60% surge versus the 1st quarter of 2021. That includes a 30% increase in Banknote pawn loan issuance in the first quarter compared to the same period in 2021. In addition, we see a gradual increase in the average loan amount issued.
Furthermore, the shareholders elected SIA KPMG Baltics to be the auditor of AS DelfinGroup for the next reporting periods of 2022, 2023, and 2024.
In accordance with the guidance, this year AS DelfinGroup plans to reach a profit before tax of 8,7 million and EBITDA of 12 million euros. The loan portfolio is planned to expand up to 51 million euros
In 2021 AS DelfinGroup hit the record in terms of revenues and profit – a 7,7% increase in revenues making 25,5 million euros, and profit before tax reached 5,2 million euros which was an increase of 7,2%. More on AS DelfinGroup’s financial results read on www.delfingroup.lv or on Nasdaq Riga https://nasdaqbaltic.com/lv/.
About AS DelfinGroup
AS DelfinGroup is a licenced technology-based financial services company that was established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), as well as sale of pre-owned goods both online and at more than 90 branches across Latvia. On average, 35 thousand loans are issued every month and serviced by the professional team of more than 270 AS DelfinGroup employees. The company has a total of over 400,000 registered customers. Since 2014, AS DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and since 2021 as a share issuer on the Baltic Main List. The company’s IPO in 2021 attracted almost 6000 new shareholders. The company regularly pays dividends to its shareholders. The company’s sustainability is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion and facilitating the circular economy. The company has been profitable every year since 2010.