IuteCredit 11% Bond till 10/26: Q1/2024 Results Show Quality Investment Paying Off

• Iute Group reported unaudited results for Q1 2024, highlighting their strategic focus on quality over quantity.
• The number of active customers decreased slightly to 271 thousand, but revenue per customer increased to 379 EUR. The total number of customers also decreased to 992 thousand.
• The Group's consolidated balance sheet increased by 3.7% to 389.8 million EUR and equity increased by 5.5% to 67.7 million EUR.
• The MyIute app saw increased usage with 900 thousand downloads as of Q1 2024.
• Energbank, a part of the Iute Group, made its first dividend payment of 3.3 million EUR in January 2024.
• Wallet services and digital insurance brokerage continued to grow significantly faster than the lending business, with further acceleration expected.

The price of IuteCredit Finance Unternehmensanleihe 11,00 % bis 10/26 at the time of the news was 93,36EUR and did not change compared to the previous day.
21 minutes after the article was published, the price was 93,70EUR this corresponds to a plus of +0,37 % since publication.

IuteCredit Finance Unternehmensanleihe 11,00 % bis 10/26

0,00 %

0,00 %

+1,13 %

+1,95 %

-1,00 %

-0,49 %

-0,49 %

-0,49 %

-2,69 %

ISIN:XS2378483494WKN:A3KT6M

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