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Lendify Technologies AB (publ) releases year-end report for the period 2019-01-01 to 2019-12-31

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Fourth quarter 2019 (compared with fourth quarter 2018)

  • Operating income amounted to 37 750 KSEK (10 000 KSEK)
  • Operating profit amounted to 27 330 KSEK (1 668 KSEK)
  • Profit/loss after tax amounted to 22 764 KSEK (-1 675 KSEK)
  • Cash and bank was 15 045 KSEK at 31 December 2019 (15 455 KSEK at 31 December 2018)

 

January – December 2019 (compared with January-December 2018)

  • Operating income amounted to 61 750 KSEK (26 667 KSEK)
  • Operating profit amounted to 20 455 KSEK (3 313 KSEK)
  • Profit/loss after tax amounted to 3 438 KSEK (-7 124KSEK)
  • Cash and bank was 15 045 KSEK at 31 December 2019 (15 455 KSEK at 31 December 2018)

 

Financial overview

  Q4                    2019 Q4                    2018 jan - dec
2019		 jan - dec
2018
KSEK
Operating income 37 750 10 000 61 750 26 667
Operating profit 27 330 1 668 20 445 3 313
Net financial income/expense -5 208 -4 444 -19 578 -11 539
Profit/loss for the period 22 764 -1 675 3 438 -7 124
Total assets 210 346 187 566 210 346 187 566
Operating margin % 72,4% 16,7% 33,1% 8,7%
Equity ratio % 22,2% 13,2% 22,2% 13,2%

 

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 fourth quarter 2019

The company and Lendify AB have updated the contract which regulate the leasing fee for the IT-platform. This change increased the company´s revenue to 61.8 MSEK in 2019 and the leasing fee in 2020 will be 65.6 MSEK.

The company received a shareholders’ contribution from the parent company Lendify AB in the amount of 4.1 MSEK.

 

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 CEST on 20 Mars 2020.

 

For further information, please contact:
Erika Eliasson, Deputy CEO, tel. no. +46 (0)70 999 10 70

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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