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Lendify Technologies AB (publ) releases interim report for the period 2018-01-01 to 2018-12-31

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January – December 2018 (compared with January-December 2017)

  • Operating income amounted to 26 667 KSEK (387 KSEK)
  • Operating profit amounted to 3 313 KSEK (-6 911 KSEK)
  • Profit/loss after tax amounted to -7 124 KSEK (-7 010 KSEK) 
  • Cash and bank was 15 455 KSEK at 31 Dec 2018 (87 KSEK at 31 Dec 2017) 

Fourth quarter 2018 (compared with third quarter 2018)

  • Operating income amounted to 10 000 KSEK (8 095 KSEK)
  • Operating profit amounted to 1 668 KSEK (-909 KSEK)
  • Profit/loss after tax amounted to -1 675 KSEK (-5 092 KSEK) 
  • Cash and bank was 15 455 KSEK at 31 Dec 2018 (17 935 KSEK at 31 Sept 2018) 

Financial overview

KSEK Q4 2018 Q3 2018 Q4 2017 Jan-Dec 2018 Jan-Dec 2017
Operating income   10 000  8 095  194  26 667  387 
Operating profit  1 668  -909  -2 115  3 313  -6 911 
Net financial income/expense  -4 444  -4 183  -37  -11 539  -99 
Profit/loss for the period  -1 675  -5 092  -2 152  -7 124  -7 010 
Total assets  187 566  202 709  5 616  187 566  5 616 
Operating margin % 16,7%  E/T  E/T  8,7%  E/T 
Equity ratio % 13,2%  19,2%  25,9%  13,2%  25,9% 

CEO comments

Lendify Technologies AB (publ), org. no 559129-2981 (”Lendify Technologies”) 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 January-December 2018 

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

The company became public in May 2018.

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

Lendify Technologies has conducted a stock issue of SEK 35 million in July 2018 and at the same time reduced the share capital with the same amount. In connection with those transactions it was decided to do a write-up of the value of the IT-platform with SEK 60 million. The reduction of the share capital and the subsequent repayment to the shareholders (Lendify AB) has been carried out in accordance with terms and conditions for the listed bond held by the company.

This information is information that Lendify Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07:30 CET on 26 February 2019.

For further information, please contact:

Erika Eliasson, Chief Strategic Communications Officer and Head of Savings, tel. no. +46 (0)70 999 10 70

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