Creditshelf achieves significant revenue growth and breaks even in Q1 2022

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Quarterly / Interim statement/Quarterly results

creditshelf achieves significant revenue growth and breaks even in Q1 2022

11.05.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

creditshelf achieves significant revenue growth and breaks even in Q1 2022

  • Significant revenue growth of 43% to EUR 2,366.4k driven by increased new business volume and strong margins
  • Spend further reduced without hampering growth and scaling
  • creditshelf achieves positive EBIT and net income for the first time in company history
  • Broadening the investor base as a major lever of the growth strategy
  • Forecast for fiscal 2022 confirmed

Frankfurt am Main, May 11, 2022 – creditshelf, Germany’s leading digital SME lending financier, publishes its figures for the first quarter of 2022.

creditshelf achieved significant revenue growth of 43% to 2,366.4 kEUR in the first quarter of 2022 (Q1 2021: 1,657.5 kEUR) thanks to a 10% increase in new business volume and strong margins. The positive development in margins results from strong long-term tickets and attractive yields for working capital loans as well as mergers and acquisitions financing. At the same time, the company expects a growing need for cash in the SME sector due to supply bottlenecks and rising energy prices. This should further increase demand during the year.

Creditshelf CEO Dr Tim Thabe commented on the first quarter of 2022: “Current geopolitical and macroeconomic developments have left their mark on the German SME finance market. From there, we see opportunities arising for alternative financiers like us. Therefore, we plan to further establish our product offering in the market and convince entrepreneurs with our superior speed and flexibility. The refinancing side of our platform has also not been spared by current developments. Therefore, it is a top priority for us to broaden our investor base and lay the foundations for strong growth for the rest of the year. Currently, we are in many promising talks with institutional investors. .”

At the same time, the company was able to reduce its total expenses thanks to lower personnel expenses for employee incentive programs as well as an even more refined and customer-focused marketing approach. Thanks to the positive business development, the EBITDA improved significantly to 700.0 kEUR (Q1 2021: -400.7 kEUR). After an ordinary amortization of 144.9 kEUR (Q1 2021: 317.5 kEUR), the creditshelf broke even at EBIT level. EBIT improved significantly to 555.1 kEUR (Q1 2021: -718.2 kEUR). The net result after finance costs was also positive for the first time in the company’s history and amounted to 514.6 kEUR (Q1 2021: -727.4 kEUR).

“The first quarter of 2022 clearly shows the potential for scaling up our business model. Over the course of the year, we want to take advantage of the growth opportunities available to us and make additional investments. At the same time , our portfolio is performing very robustly, even in the context of the war in Ukraine. This underlines the quality of our risk analysis and our active selection of promising business models in the German SME sector. I am very confident that we will further strengthen the refinancing component and continue our growth trajectory,” explained CFO of Credit, Dr. Daniel Bartsch.

The Management Board confirms the forecast published on March 30, 2022 as part of the annual report. The group’s turnover range remains unchanged between 10 and 12 million euros. Still unchanged and at group level, the Management Board expects an EBIT of minus 0.5 million euros to plus 0.5 million euros in the context of the existing macroeconomic uncertainties.

Key figures at a glance

Q1 2022 Q1 2021
In millions of euros
Loan application volume 433.8 357.1
Volume of arranged loans 41.3 37.6
In kEUR
Revenue 2,366.4 1,657.5
including borrower fees 1,639.4 1,256.7
of which investment, service and advisory fees 727.0 400.8
Other income 203.2 0.0
Capitalized own labor 126.7 143.0
Total expenses -1,996.3 -2,201.2
Personal expenses -1,215.8 -1,339.0
of which for share-based employee incentive programs -48.3 -145.5
Legal and advisory fees -150.3 -134.4
Advertising and marketing costs -117.7 -149.3
Third party services -100.6 -98.3
Other miscellaneous operating expenses -411.9 -480.2
EBITDA 700.0 -400.7
Ordinary depreciation -144.9 -317.5
EBIT 555.1 -718.2
bottom line -40.5 -12.8
Net profit 514.6 -727.4

The full quarterly statement for the first quarter of 2022 is available for download starting today on the Company’s Investor Relations website, ir.creditshelf.com.

Communications and IR:

Aktiengesellschaft credit shelf
Maximilian Francois
Communication & Content Manager
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Such. : +49 69 348 719 113
ir@creditshelf.com
www.creditshelf.com

About the Credits Shelf

ir.creditshelf.com

creditshelf is the leading lender for loans to digital SMEs in Germany. Founded in 2014 and based in Frankfurt am Main, the company organizes flexible, bank-independent financing solutions through its ever-expanding network. creditshelf meets complementary needs: SME entrepreneurs have easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs and company partners can support their clients as innovative providers of new financing solutions. credit. Creditshelf’s business model is built around its unique, data-driven risk analysis and fast, unbureaucratic digital processes. creditshelf covers the entire value chain: its platform makes it possible to select suitable credit projects, to analyze potential borrowers? credit quality, perform credit scoring and assess risk appropriately. The company receives fees from borrowers and investors for these services.

creditshelf has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since 2018. The experts who make up its team have many years of experience? experience in SME financing and are trusted partners and visionaries in building the businesses of tomorrow.

11.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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