Lendify Technologies AB (publ) releases year-end report for the period 2020-01-01 to 2020-12-31
Fourth quarter 2020 (compared with fourth quarter 2019)
- Operating income amounted to SEK 16 500t (SEK 37 750t)
- Operating profit amounted to SEK 7 873t (SEK27 330t)
- Profit/loss after tax amounted to SEK 3 312 (SEK 22 764t)
- Cash and bank was SEK 15 262t at 31 December 2020 (SEK 15 045t at 31 December 2019)
January – December 2020 (compared with January-December 2019)
- Operating income amounted to SEK 65 583t (SEK 61 750t)
- Operating profit amounted to SEK 28 900t (SEK 20 445t)
- Profit/loss after tax amounted to SEK 10 335t (SEK 3 438t)
- Cash and bank was SEK 15 262t at 31 December 2020 (SEK 15 045t at 31 December 2019)
Financial overview
| SEKt | Q4 2020 | Q4 2019 | jan - dec 2020 |
jan - dec 2019 |
| Operating income | 16 500 | 37 750 | 65 583 | 61 750 |
| Operating profit | 7 873 | 27 330 | 28 900 | 20 445 |
| Net financial income/expense | -5 203 | -5 208 | -21 133 | -19 578 |
| Profit/loss for the period | 3 312 | 22 764 | 10 335 | 3 438 |
| Total assets | 222 171 | 210 346 | 222 171 | 210 346 |
| Operating margin % | 47,7% | 72,4% | 44,1% | 33,1% |
| Equity ratio % | 24,3% | 20,7% | 24,3% | 20,7% |
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 2020
There are no significant events during the period.
For further information, please contact:
Erika Eliasson, Deputy CEO, ee@lendify.se
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 19 March 2021.