EQS-News

Iute Group reports unaudited results for 3M/2024 – Efforts to invest in quality rather than quantity are beginning to pay off

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 08.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. 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.

OPERATIONAL HIGHLIGHTS

• 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