EQS-News

Iute Group reports unaudited results for 3M/2023 – Quality over quantity for financial year 2023

EQS-News: IuteCredit Finance S.à.r.l. / Key word(s): Quarterly / Interim Statement Iute Group reports unaudited results for 3M/2023 – Quality over quantity for financial year 2023 29.05.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Iute Group reports unaudited results for 3M/2023

Quality over quantity for financial year 2023

STRATEGIC HIGHLIGHTS

• Number of active customers reached 300 thousand (31 December 2022: 293 thousand) and the revenue per customer 360 EUR (12M/2022: 346 EUR).
• Total number of customers increased by 1,5% to 942 thousand (31 December 2022: 928 thousand).
• Group consolidated balance sheet up 2,0% to 328,8 million EUR and equity up 7,2 % to 60,1 million EUR as of 31 March 2023.
• Increasing use of MyIute app – 530 thousand downloads (31 December 2022: 477 thousand).
• Continued development of New Core IT platform with additional features to increase payout ratio as well as after-sale features to retain customers.

OPERATIONAL HIGHLIGHTS

• Loan payouts increased by 19,9% 63,3 million EUR (3M/2022: 52,8 million EUR)
• Number of loans signed down y-o-y 12,8% to 84 thousand (3M/2022: 96 thousand).
• Gross loan portfolio up 3,5% to 233,1 million EUR (31 December 2022: 215,5 million EUR) of which principal amount of loans increased 3,0% to 204,0 million EUR (31 December 2022: 198,1 million EUR).
• Repayment discipline (Customer Performance Index, CPI30) down to  88,1% (Q4/2022: 90,1%).
• Net loan portfolio up 2,7% to 199,1 million EUR (31 December 2022: 193,9 million EUR).
• 66 cardless ATMs operational (31 December 2022: 71 ATMs).

FINANCIAL HIGHLIGHTS