Creditshelf: Strong Revenue Growth and Significant EBIT Improvement in Fiscal Year 2021

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Annual results

creditshelf: strong revenue growth and significant improvement in EBIT in fiscal year 2021

01.02.2022 / 10:27
The issuer is solely responsible for the content of this announcement.

creditshelf: strong revenue growth and significant improvement in EBIT in fiscal year 2021

  • Group revenue increased by 49% to 7.3 million euros (previous year: 4.9 million euros)[1]
  • Group EBIT improved to minus 2.2 million euros (previous year: minus 5.3 million euros)[1]
  • New record of EUR 166.9 million in volume of newly arranged loans (previous year: EUR 98.9 million) as well as an optimized cost base as drivers of a positive overall development
  • The fourth quarter of 2021 reached a new quarterly arranged loan volume record and is a key driver of positive business and liquidity development[2]

[1] Group unaudited preliminary IFRS figures
[2] based on EBITDA as well as cash flow from operations, preliminary and unaudited

Frankfurt am Main, Germany, February 1, 2022? Based on preliminary unaudited financial figures, creditshelf, Germany’s leading digital SME lending financier, experienced significant growth in fiscal 2021 and further confirmed its positive trend towards breakeven. This successful business development highlights the importance of digital financing alternatives for German SMEs and illustrates the scalability of the creditshelf business model.

The Group’s preliminary revenues amounted to 7.3 million euros (previous year: 4.9 million euros). The main growth driver was a record new business volume of EUR 166.9 million (previous year: EUR 98.9 million) of loans arranged via the credit platform. This corresponds to a year-on-year increase of 69%. At 1.68 billion euros, the volume of loans requested is also up compared to the previous year (1.53 billion euros). The higher conversion reflects the improved quality of incoming loan applications based on a targeted marketing approach and a further optimized strategy in direct and partner sales. This puts the creditshelf in the upper half of the Group’s revenue forecast of between €6m and €8m issued on March 30, 2021.

Based on a positive revenue development and a reduction in total expenses, mainly due to an optimized cost base and sustainable investments, creditshelf achieved a preliminary group EBIT of minus 2.2 million euros . This marks the upper limit of the already improved EBIT forecast range of minus 3 to minus 2 million euros, which was published on November 19, 2021. In particular, personnel expenses (5.4 million euros, year previous year: 6.0 million euros) as well as other operating expenses (3.7 million euros, previous year: 4.4 million euros) decreased. Capitalized own works amounted to €0.6 million in 2021, up from €0.4 million the previous year. “In fiscal 2021, we proved the scalability of our business. For 2022, we will continue to make great strides on our way to break even,” says Dr. Daniel Bartsch, CFO and Board Member administration of creditshelves.

Driven by a strong fourth quarter of 2021, in which creditshelf was able to reach a new quarterly high of EUR 56.0 million in loans, the company achieved the aforementioned significant improvement in EBIT. Based on this positive operating performance, creditshelf in Q4 2021 was able to complete a full quarter of positive EBITDA and operating cash flow for the first time in company history.

Dr. Daniel Bartsch comments: “Each of the successfully arranged loan projects in the past financial year is proof to me that there is a strong need for rapidly available and bank-independent liquidity in the SME finance market. We believe we are in an excellent position to be a strong partner for today’s forward-looking German SMEs and dynamic growth companies, the Mittelstand of tomorrow.”

creditshelf will publish its fully audited consolidated financial statements on March 30, 2022.

Communications and IR:

Aktiengesellschaft credit shelf
Maximilian Francois
Communication and Content Manager
Mainzer Landstrasse 33a
60329 Frankfurt
Telephone: +49 69 348 719 113

About the Credits Shelf

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 corporate partners can support their clients as innovative providers of new 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 is used to select suitable credit projects, analyze the credit quality of potential borrowers, 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 in financing SMEs and are trusted partners and visionaries in building the companies of tomorrow.

01.02.2022 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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