Lendify Technologies AB (publ) releases interim report for the period 2018-01-01 to 2018-06-30

First six months 2018 (compared with the first six months 2017)

  • Operating income amounted to 8 571 KSEK (193 KSEK).
  • Operating profit amounted to 2 553 KSEK (-3 784 KSEK).
  • Profit/loss after tax amounted to -358 KSEK (-3 821 KSEK). 
  • Cash and bank was 73 022 KSEK at 2018-06-30 (95 KSEK at 2017-06-30). 

Second quarter 2018 (compared with the first quarter 2018)

  • Operating income amounted to 8 474 KSEK (97 KSEK).
  • Operating profit amounted to 3 667 KSEK (-1 114 KSEK).
  • Profit/loss after tax amounted to 800 KSEK (-1 158 KSEK). 
  • Cash and bank was 73 022 KSEK at 2018-06-30 (1 740 KSEK at 2018-03-31). 

Financial overview

KSEK  Q2 2018 Q1 2018 Q2 2017 Jan-Jun 2018 Jan-Jun 2017
Operating income   8 474  97  100  8 571  193
Operating profit  3 667  -1 114  -2 305  2 553  -3 784
Net financial income/expense  -2 867  -44  -22  -2 911  -37
Profit/loss for the period  800  -1 158  -2 327  -358  -3 821
Total assets  189 202  6 531  6 651  189 202  6 651
Operating margin %  43,3%  E/T  E/T  29,8%  E/T 
Equity ratio % 10,1%  35,2%  69,8%  10,1%  69,8%


CEO comments

Lendify Technologies AB (publ), org. no 559129-2981 (”Lendify Technologies”), was incorporated 12 February 2015. The company is a wholly owned subsidiary of Lendify AB, org. nr 556968–1744 (”Lendify”). Lendify Technologies manages development, maintenance and leasing of an IT-platform for consumer lending. Lendify acts as servicer for Lendify Technologies and manages administration and IT-development for Lendify Technologies. Lendify Technologies pays a quarterly fee for the service.

Events during the first six months 2018

Lendify Technologies issued a bond of SEK 150 million in May 2018.

The company has acquired the ownership of the IT-platform, including all immaterial rights for the IT-platform, from Lendify AB.

The company became public in May 2018.

For further information, please contact:
Erika Eliasson, Chief Investor Relations Officer tel. no. +46(0)70 999 10 70

This information is information that Lendify Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 29 August 2018.

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