Freedom Finance continued to grow during a strong third quarter
The Freedom Finance Group delivered revenues of SEK 90.6 million, 36% growth, in a strong third quarter. During the quarter, we have soft launched our Zmarta brand in Germany and the Swedish entity has received its SFSA permit.
The Freedom Finance Group (Ceratiidae II AB (publ.) and its subsidiaries) has today published its interim report for the third quarter 2015. The comparative figures (in parentheses) show the third quarter 2014.
- Revenue for the quarter amounted to SEK 90.6 million (SEK 66.7 million)
- Adjusted EBITDA for the quarter amounted to SEK 30.1 million (SEK 21.1 million)
- Operating profit for the quarter amounted to SEK 24.2 million (SEK 8.8 million)
- Operating cash flow before tax and other items amounted to SEK 27.5 million (SEK 14.3 million)
“We are happy with the continued strong performance we have shown during the quarter. Particularly, we are proud of the fact that we continue to deliver profitable growth and have increased our margin during the quarter”, says Björn Lander, CEO of the Freedom Finance Group
We delivered on several important strategic targets during the quarter, and most importantly, we have now launched our Zmarta brand in Germany. Also, our Swedish operation received their permit from the Swedish FSA in July. More information can be found in the report.
The report can be downloaded from https://www.freedomfinance.se/om-oss/investerare/financial-reports
For further information, please contact:
Björn Lander, CEO, Freedom Finance Group
+46 431 47 47 00, bjorn.lander@freedomfinancenordic.com
About the Freedom Finance Group:
The Freedom Finance Group is a leading northern European loan broker that facilitated more than 5bn SEK of loans in 2014. It is headquartered in Ängelholm, Sweden, and is operating on the Swedish, Finnish, Norwegian and German markets. It is owned by the private equity fund H.I.G. Europe Capital Partners L.P., and Management.
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