For 2022, creditshelf expects strong revenue growth and EBIT close to break-even

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Annual report/Forecasts
30.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

For 2022, creditshelf expects strong revenue growth and EBIT close to break-even

  • creditshelf achieves revenue growth to EUR 7,251.5 k in fiscal year 2021 (previous year: EUR 4,899.2 k)

  • Extensive partner network acts as a key growth engine

  • The fourth quarter of 2021 is the first positive EBITDA quarter in the company’s history; significant year-on-year EBITDA improvement highlights scalability potential

  • EBIT including ordinary depreciation at prior year level, showing strong trend towards profitability

  • Guidance for FY 2022 with strong revenue growth and EBIT close to breakeven

Frankfurt am Main, March 30, 2022 – creditshelf, Germany’s leading digital SME lending financier, publishes its 2021 Annual Report today.

creditshelf was able to significantly increase its growth in the 2021 financial year. The company arranged a total of 145 (previous year: 110) loans, for a loan volume of EUR 166.9 million (previous year: 98 .9 million euros) for German SMEs and promising growth companies. The driving force behind this strong growth was a strong partner network which provided a large number of suitable and attractive clients on the basis of a close network with creditshelf. As a result, income developed very positively and increased by around 48% to 7,251.5 kEUR (previous year: 4,899.2 kEUR).

Creditshelf CEO Dr. Tim Thabe comments on the 2021 financial year: “The year 2021 is further proof that focusing on a strong funding ecosystem is the timely and forward-looking decision. narrow and wide, we were able to take a big step forward in terms of the volume of loans arranged. At the same time, despite the ongoing pandemic, our portfolio turned out to be very strong and we had a very manageable number of defaults. All this speaks not only for the growing need of German SMEs for alternative sources of financing, but also for the quality of our technology-driven risk analysis.”

Based on the positive business development and a stable cost base, EBITDA improved significantly year-on-year to kEUR minus 998.6 (prior year: kEUR minus 4,129, 1). This development illustrates the scalability of creditshelf’s business model. Thus, the company was able to grow considerably despite reduced total expenses. With ordinary depreciation at the level of the previous year, the EBIT improved to kEUR minus 2,183.1 (previous year: kEUR minus 5,345.3). In addition to the reduction in marketing and advertising expenses based on a targeted marketing approach (2021: 783.8 kEUR; 2020: 1,329.6 kEUR), the reduction in personnel expenses contributed in particular to the positive development spending. The latter amounted to 5,333.7 kEUR for the financial year 2021 (previous year: 6,024.3 kEUR), reflecting lower expenses for share-based employee incentive programs in addition to a constant workforce. With 2,914.6 kEUR, the remaining other operating expenses are also lower than the figure for the previous year (3,036.6 kEUR).

“Building on the foundation created in 2021, we believe we are very well positioned to meet the unsecured debt needs of SMEs in 2022. As government support measures for the covid crisis are set to expire, companies face major challenges in areas of modernization and digitization. creditshelf, as an alternative financier, will fill an important gap in the SME financing mix by offering unsecured, digital and readily available loans,” says creditshelf CFO Dr. Daniel Bartsch .

In this context, the Management Board expects consolidated revenue of 10 to 12 million euros for the 2022 financial year. In addition, an EBIT of minus 0.5 million euros to plus 0.5 million euros is expected at group level. EBIT balance is therefore within reach.

The most important key figures at a glance

FISCAL YEAR 2021

FISCAL YEAR 2020

In millions of euros

Loan application volume

1,683.7

1,528.2

Volume of arranged loans

166.9

98.9

In kEUR

Income

7,251.5

4,899.2

Borrower fees

5,344.1

3,391.0

Investment fees, service and advisory fees

1,907.4

1,508.2

Other income

145.0

940.4

Capitalized own labor

637.0

421.8

Total expenses

9,032.1

10,390.5

Personal expenses

5,333.7

6,024.3

Of which for share-based employee incentive plans

464.7

1,038.8

Marketing and advertising costs

783.8

1,329.6

Legal and advisory fees

770.1

702.0

Third party services

436.2

448.0

Other miscellaneous operating expenses

1,708.3

1,886.6

EBITDA

-998.6

-4,129.1

Depreciation and amortization

1,184.5

1,216.2

EBIT

-2,183.1

-5,345.3

The full report for fiscal year 2021 is available for download on the Investor Relations site ir.creditshelf.com nowadays.

Communications and IR:
Aktiengesellschaft credit shelf
Maximilian Francois
Communication and Content Manager
Mainzer Landstrasse 33a
60329 Frankfurt
Telephone: +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 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 a long experience of financing SMEs and are trusted partners and visionaries in building the companies of tomorrow.

30.03.2022 Dissemination of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
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