September 6, 2021
DelfinGroup will pay out EUR 0.43 million in dividends for the second quarter of 2021
On the 3 September 2021, the shareholder`s meeting of the Latvian financial service company AS DelfinGroup approved the financial results of the first half of 2021, and it was decided to pay out EUR 431 thousand in second-quarter dividends or EUR 0.011 per share. As a result, by the end of September 2021, the total dividends paid out this year will reach EUR 3.2 million or EUR 0.08 per share. It is expected that the quarterly dividends will be paid out by 30 September.
Didzis Ādmīdiņš, Chairman of the Management Board of AS DelfinGroup: “During the second quarter of 2021, DelfinGroup continued on the path of steady growth in all primary business segments: consumer loans, pawn loans and the sale of pre-owned goods. It is encouraging that the company is growing as expected and in accordance with the 2022 and 2024 financial and long-term development targets of the company. For a considerable time, we have been known as a company that pays dividends regularly. After the planned IPO on the Nasdaq Riga stock exchange, we will become one of the very few companies on the Baltic Stock Exchange which pays sizeable dividends to its shareholders on a quarterly basis. The regular payment of dividends is a strategic decision of DelfinGroup and after the initial public offering (IPO) on the Nasdaq Riga stock exchange, this long-term policy is expected to be attractive to new investors as well.”
In March 2021, AS DelfinGroup announced its plans to launch an initial public offering (IPO) on the Nasdaq Riga stock exchange in the second half of 2021. LHV Bank and the law firm Eversheds Sutherland Bitāns are acting as AS DelfinGroup IPO advisors. For more information about the planned IPO, sign up to news on our homepage: https://www.delfingroup.lv/invest.
During the first half of 2021, the revenue of AS DelfinGroup reached EUR 11.9 million, which is 6.4% more than during the same period last year. During the first half of 2021, EBITDA grew by 8.7% and reached EUR 4.6 million, while profit before dividend taxes increased by 9.0% and was EUR 2.3 million. Thus, during the first half of 2021, company revenue reached a new all-time high.
The audit company BDO Assurance has performed an independent review of the consolidated interim financial statement of AS DelfinGroup. It includes the consolidated balance sheet as of 30 June 2021 and the consolidated three- and six-month profit and loss statement for the three- and six-month period ending on 30 June 2021.
AS DelfinGroup pays dividends to its shareholders on a regular basis. According to the company`s strategy and the approved dividend policy, the company pays up to 50% of profits of the preceding quarter in dividends (quarterly dividends). In addition, once a year after the approval of the annual report, the company may also pay additional dividends (annual dividends). The company share capital consists of 40 million shares with the nominal value of EUR 0.1.
AS DelfinGroup is a licensed, technology-based financial service company founded in 2009 and operates under the brand names Banknote and VIZIA. The company constantly develops and offers consumer loans, senior loans, POS loans and pawn loans, and sells pre-owned goods. All these products are offered both online and in more than 90 branches across Latvia. On average, 35 thousand loans are issued every month and serviced by the professional team of more than 250 AS DelfinGroup employees. The total number of registered customers exceeds 400,000. Since 2014, AS DelfinGroup is known for issuing bonds on the Nasdaq Riga stock exchange. The company pays dividends quarterly. In 2020, the company's loan portfolio grew to EUR 34.6 million, EBITDA reached EUR 9.3 million, and the pre-tax profits was EUR 4.65 million. The company’s sustainability is based on corporate governance, fintech innovation, responsible lending, financial inclusion, and contribution to the circular economy. The company has been profitable every year since 2010.
For further information, please contact:
Member of the Management Board of AS DelfinGroup
Tel.: +371 26189988
Whatsapp: +371 26189988