On June 4 of this year, the shareholders’ meeting of the Latvian financial group AS DelfinGroup approved the decision on approval of the financial results for 2020 and payment of dividends in the amount of 1.5 million euros.
DelfinGroup The dividend policy approved in the strategy provides for the regular payment of dividends four times a year, paying up to 50% of the quarterly net profit and additional annual dividend payments. The shareholders’ decision envisages the payment of additional dividends in the amount of 1.1 million euros for the results of 2020 and 0.4 million euros for the results of the first quarter of 2021, envisaging the payment of dividends by 30 June 2021. DelfinGroup Profit before tax in 2020 amounted to 4.6 million euros, while consolidated net profit was 3.8 million euros.
AS DelfinGroup Chairman of the Board Didzis Ādmīdiņš: “DelfinGroup financial indicators continue to show stable growth. Both pawnshops and online sales of second-hand goods, as well as consumer credit, are performing well. We expect further easing of restrictions and economic opening, which will promote the overall development of the economy and economic activity. As a result, the need for modern financial services in both the consumer lending and second-hand trade segments will increase. In the second half of 2021 DelfinGroup will start with the initial public offering (IPO) of the shares Nasdaq Riga stock Exchange. We expect that the regular payment of dividends will be an important factor that could attract potential investors in the planned IPO. “
DelfinGroup turnover in the first three months of 2021 reached 6 million euros, net profit was 0.8 million euros, and the loan portfolio – 32 million euros. EBITDA increased by 21% to 2.5 million euros, while pre-tax profit reached 1.1 million euros, an increase of 6% compared to the first quarter of 2020.
AS DefinGroup In March of this year, it announced plans to conduct an initial public offering (IPO) of shares on the Nasdaq Riga stock exchange in the second half of 2021. To find out more about this event, those interested are welcome to sign up for the news on the company’s website: https://www.delfingroup.lv/invest
By DelfinGroup
AS DelfinGroup is a licensed financial sector group, founded in 2009 and representing the brands Banknote, VIZIA and Riga City Pawnshop. The company provides employment to 277 professionals in 92 branches in 38 Latvian cities. DelfinGroup is a member of the Latvian Chamber of Commerce and Industry and the Latvian Association of Alternative Financial Services, and has received the Gold Level status of the State Revenue Service cooperation program. DelfinGroup’s main services are the sale of second-hand goods in branches and on the Internet, a pawnshop loan, a consumer loan, as well as a senior loan, the terms of which are specially adapted for seniors. DelfinGroup bonds are listed on the Nasdaq Riga First North bond list. In 2020, the company’s turnover was 23.7 million euros, the loan portfolio reached 34.7 million euros, EBITDA increased to 9.3 million euros and profit before taxes reached 4.6 million euros. DelfinGroup’s estimated taxes in 2020 were 3.42 million euros.
AS DelfinGroup
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