EQS-News

Iute Group reports unaudited results for 9M/2023 – Performing loans portfolio and revenue continued to grow – with fewer and better customers

EQS-News: IuteCredit Finance S.à r.l. / Key word(s): Quarterly / Interim Statement/9 Month figures Iute Group reports unaudited results for 9M/2023 – Performing loans portfolio and revenue continued to grow – with fewer and better customers 15.11.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Iute Group reports unaudited results for 9M/2023

Performing loans portfolio and revenue continued to grow – with fewer and better customers

STRATEGIC HIGHLIGHTS

• Number of active customers declined to 282 thousand (31 Dec. 2022: 293 thousand) but the revenue per customer (LTM) increased to 377 EUR compared to 346 EUR in the previous period.
• Total number of customers increased by 8,8% to 1 million (31 Dec. 2022: 928 thousand).
• Group consolidated balance sheet up 12,8% to 363,7 million EUR and equity up 24,5% to 69,9 million EUR as of 30 Sep. 2023.
• Increasing use of MyIute app – 727 thousand downloads as of 30 Sep. 2023 (31 Dec. 2022: 477 thousand).
• Launch of e-money institution IutePay in Albania as major milestone in evolution of Wallet business.

OPERATIONAL HIGHLIGHTS

• Loan payouts increased by 10,6% to 213,1 million EUR (9M/2022: 192,7 million EUR).
• Number of loans signed down to 250 thousand (9M/2022: 264 thousand).
• Gross loan portfolio up 12,6% to 242,7 million EUR (31 Dec. 2022: 215,5 million EUR) of which principal amount of loans increased 12,6% to 223,0 million EUR (31 Dec. 2022: 198,1 million EUR).
• Repayment discipline (Customer Performance Index, CPI30) down to 87,3% (9M/2022: 90,5%).
• Net loan portfolio up 14,1% to 221,2 million EUR (31 Dec. 2022: 193,9 million EUR).
• 72 cardless ATMs operational (31 Dec. 2022: 71 ATMs).

FINANCIAL HIGHLIGHTS