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Lendify Technologies AB (publ) releases interim report for the period 2020-01-01 to 2020-03-31

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First quarter 2020 (compared with first quarter 2019)
▪ Operating income amounted to 16 083 KSEK (8 500 KSEK)
▪ Operating profit amounted to 6 494 KSEK (-1 046 KSEK)
▪ Profit/loss after tax amounted to 1 978 KSEK (-4 710 KSEK)
▪ Cash and bank was 15 311 KSEK at 31 March 2020 (16 416 KSEK at 31 March 2019)
 

Financial overview

Q1 2020 Q1 2019
KSEK
Operating income 16 083 8 500
Operating profit 6 494 -1 046
Net financial income/expense -5 158 -4 308
Profit/loss for the period 1 978 -4 710
Total assets 215 249 184 285
Operating margin % 40,4% E/T
Equity ratio % 22,6% 10,9%

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 first quarter 2020

There are no significant events during the period.

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 29 May 2020.

For further information, please contact:

Erika Eliasson
Deputy CEO
ee@lendify.se
Lendify Technologies AB (publ) har givit ut en obligation som handlas på NGM NDX.

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