DelfinGroup The aim of attracting additional financing is to strengthen the position of the market leader and to develop new and innovative consumer lending products for various groups of society. Using new financial technology solutions, DelfinGroup plans to further develop the direction of the consumer lending business in order to compete even more successfully in this segment, including with traditional banks.
DelfinGroup Chairman of the Board Didzis Ādmīdiņš: “DelfinGroup stable growth and the experience of successful financing to date Nasdaq Riga The stock exchange allows us to take the next step in development and also start a public listing of the company’s shares. Until now, very few companies in Latvia have dared to start the stock exchange with their share offer. Therefore, by our actions we want not only to open the opportunity for private and institutional investors to participate in our story of stable growth, but also to inspire other Latvian companies to start on the stock exchange. We plan that the profit of the new shareholders will be formed not only by the increase in the value of shares, but also by quarterly dividends. The company has paid EUR 6.730 million in dividends over the last three years. “
Nasdaq Riga Chairman of the Board Daiga Auziņa-Melalksne: “We are pleased that DelfinGroup The experience gained on the stock exchange as a bond issuer has inspired the company’s shareholders to set new, ambitious growth targets. We wish the company success in the planned public issue of shares. “
Ivars Bergmanis, the head of the institutional markets of the planned IPO financial consultant LHV banka: “For many years there has been a lack of a representative of the financial sector directly from Latvia in the Baltic stock market. DelfinGroup the proposed new investment opportunity would be a fresh addition to investors. In addition, the company combines several factors that are important for investors: historical growth, planned regular dividends, as well as an active focus on sustainability issues. “
Eversheds Sutherland Bitane senior partner, sworn advocate Maris Vainovskis: “DelfinGroup The path taken to the listing of shares in addition to the bonds already issued confirms the importance of sustainability in the company’s future operations. The preparation of the company for listing on the stock exchange and the development of the prospectus is a thorough process before receiving the FCMC’s permission to make a public offer. Some of the benefits of listing a company include access to development capital, increased visibility and credibility for the company, which are valued by customers and partners. “
DelfinGroup co-founder and chairman of the council Agris Evertovskis: “DelfinGroup delisting will be a long-term benefit for all parties involved. Through new technologies, we are committed to continuing to create innovative and sustainable services for different groups in society, including promoting greater access to financial services for those who do not currently have access to banking services. We will also continue to guide and educate the public on the issues of the circular economy by promoting and ensuring the circulation of little-used goods in our branch network and on the Internet. “
DelfinGroup The unaudited consolidated turnover in 2020 was 24 million euros, the loan portfolio reached 34 million euros, and EBITDA increased to 9 million euros. Turnover increased by 8% year-on-year, while the company’s loan portfolio increased by 9%. Consolidated EBITDA increased by 8% during the year. Common DelfinGroup The number of customers served in Latvia already exceeds 400 thousand, and the company issues an average of 35 thousand different types of loans per month.
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AS DelfinGroup development and growth
The first company of the group is SIA Lombards24.lv was established 12 years ago – in 2009. Already in 2010, the company had a network of 50 pawnshop branches throughout Latvia. With the growth of the company and the expansion of the range of services, the first major reorganization took place in 2012, followed by a change of name to ExpressCredit. Since 2014, the bonds issued by the company have been traded Nasdaq Riga stock Exchange. Investors include both individuals and institutional investors from Latvia, Lithuania, Estonia, Germany and other countries. As the company continued to grow, in 2020 the next stage of reorganization of the group was started, including changing the name to DelfinGroup. In turn, it ended in January this year DelfinGroup reorganization process, transforming the legal form of a company from a limited liability company into a joint stock company. At this time DelfinGroup The share capital is 4 million euros and consists of 40 million shares. In addition, the company has developed and strengthened the principles of best corporate governance, including launching an international competition for the selection of independent board members in early 2021.
By DelfinGroup
AS DelfinGroup is a licensed financial company founded in 2009 and representing brands Banknote, Visors a Riga city pawnshop. The company employs 270 professionals in 91 branches in 38 Latvian cities. The Group’s estimated taxes for 2020 are 3.42 million euros. AS DelfinGroup is a member of the LCCI and has received the Gold Level status of the SRS cooperation program. The Group’s core 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 the bonds are quoted Nasdaq Riga First North in the list of bonds.
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