SaveLend Group Q3 net revenue rises on credit volume growth

By Reuters News


Overview

  • Sweden fintech firm's Q3 net revenue rose over 30% yr/yr

  • Company posted Q3 net loss and negative EBITDA, citing investments and one-off costs

  • Q3 saw record credit volumes, with strong growth in factoring, consumer, and real estate credits


Outlook

  • Company sees favourable conditions for further volume growth, especially in factoring credits

  • Company expects Refino to contribute positively to group earnings in Q4

  • Company expects banking licence to enable faster growth and improved funding flexibility


Result Drivers

  • CREDIT VOLUME GROWTH - Co said record credit volumes, up 88% yr/yr, drove revenue increase

  • FACTORING AND LOANS - Factoring credits grew nearly 300%, consumer loans rose 85%, real estate credits up 65% yr/yr

  • INVESTMENTS AND ONE-OFF COSTS - Co said Q3 net loss was due to strategic investments and SEK 1.5 mln licence application fee


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

SEK 32.90 mln

Q3 Adjusted Loss Per Share

SEK 0.13

Q3 Net Loss

SEK 7.20 mln

Q3 EBIT

-SEK 6.90 mln

Q3 EBITDA

-SEK 3.30 mln


Reuters Recommended Reads

  • Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr

  • Oct 21 - Sweden fintech investor VEF posts Q3 net loss

  • Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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