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Iute Group reports unaudited results for 3M/2024 – Efforts to invest in quality rather than quantity are beginning to pay off
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- Iute Group reports unaudited results for 3M/2024
- Efforts to invest in quality over quantity are paying off
- Strategic focus on creating a better payment and financing ecosystem
EQS-News: IuteCredit Finance S.à r.l. / Key word(s): Quarterly / Interim Statement/Interim Report Iute Group reports unaudited results for 3M/2024 |
Efforts to invest in quality rather than quantity are beginning to pay off
STRATEGIC HIGHLIGHTS
- Number of active customers at 271 thousand (31 Dec. 2023: 274 thousand) with revenue per customer (LTM) up to 379 EUR (3M/2023: 360 EUR).
- Total number of customers down to 992 thousand (31 Dec. 2023: 1,1 million).
- Group consolidated balance sheet up 3,7% to 389,8 million EUR and equity up 5,5% to 67,7 million EUR as of 31 Mar. 2024.
- Increasing use of MyIute app – 900 thousand downloads as of 31 Mar. 2024 (31 Dec. 2023: 813 thousand).
- Energbank’s first dividend payment in the amount of 3,3 million EUR received in January 2024.
- Wallet services and digital insurance brokerage continue to grow significantly faster than lending business – further acceleration expected.
- Loan payouts increased by 29,7% to 82,1 million EUR (3M/2023: 63,3 million EUR).
- Number of loans signed down to 75 thousand (3M/2023: 84 thousand).
- Gross loan portfolio up 4,9% to 264,3 million EUR (31 Dec. 2023: 252,0 million EUR) of which principal amount of loans increased 19,6% to 244,0 million EUR (31 Dec. 2023: 204,0 million EUR).
- Repayment discipline (Customer Performance Index, CPI30) down to 86,4% (3M/2023: 88,1%).
- Net loan portfolio up 5,5% to 245,0 million EUR (31 Dec. 2023: 232,1 million EUR).
- 78 cardless ATMs operational (31 Dec. 2023: 75 ATMs).
FINANCIAL HIGHLIGHTS
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