EQS-News

creditshelf Aktiengesellschaft: creditshelf remains stable in Q3 2022 and confirms positive EBIT forecast for the total year

EQS-News: creditshelf Aktiengesellschaft / Key word(s): 9 Month figures/Quarterly / Interim Statement creditshelf Aktiengesellschaft: creditshelf remains stable in Q3 2022 and confirms positive EBIT forecast for the total year 10.11.2022 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. creditshelf remains stable in Q3 2022 and confirms positive EBIT Forecast for the total Year

• Clearly positive EBIT in the amount of kEUR 537 for 9M 2022
• Revenue growth of 4,7% to kEUR 5,112 driven by strong margins
• Expenses further reduced without curbing growth and scaling
• Additional financing source enables creditshelf to continue targeted growth path
• EBIT forecast for fiscal year 2022 confirmed

Frankfurt am Main, November 10, 2022 - creditshelf, the next generations’ corporate financier, published its financial figures for the first nine months of fiscal year 2022.

creditshelf recorded revenue growth to kEUR 5,112 in the first nine months of 2022 (prior-year period: kEUR 4,881) in a challenging environment. The arranged loan volume decreased from EUR 110 million in the prior-year period 2021 to EUR 94 million in the reporting period, however, this development was offset by a positive margin development. The overall margin from the ratio of net sales to arranged loan volume was 5.4%, higher than in the prior-year period (4.8%). Compared with 2021, longer tenures and increases in fees had a positive impact on sales.

"Even though we were not able to use the full credit pipeline due to reduced funding, we remain optimistic for the rest of 2022 after a stable first nine months. Although macroeconomic uncertainties remain due to the war in Ukraine, we expect there will be strong demand for financing for forward-looking projects to overcome supply chain issues and rising energy prices," explains creditshelf CFO Dr. Daniel Bartsch.

With only a slight increase in total expenses of kEUR 6,088 (9M 2021: kEUR 6,051), the company mainly benefited from reduced expenses for marketing and advertising as well as for legal and advisory services. Personnel expenses were at the level of the prior-year period despite a slight increase in headcount. This development was mainly due to lower expenses for share-based employee incentive programs. As a result of the positive business performance, earnings before interest, taxes, depreciation and amortization (EBITDA) improved to kEUR 992, significantly higher than the still negative figure for the prior-year period (kEUR -1,124). In terms of operating profit (EBIT), creditshelf improved significantly after ordinary depreciation and amortization of kEUR 455 (9M 2021: kEUR 952) and is positive at kEUR 537 (9M 2021: kEUR -2,076).