on 4finance S.A. (ETR:XS141787)
4finance Holding S.A. Reports Strong Financial Results for 2024
4finance Holding S.A., a leading digital consumer lending group in Europe, has reported strong financial results for the year ending 31 December 2024. The company achieved a net profit of €52.5 million and an Adjusted EBITDA of €157.1 million, marking a 19% and 20% increase respectively from the previous year.
The firm's balance sheet remains robust, highlighting substantial liquidity with €79.1 million in cash by the end of the period. Online loan issuance remained stable at €565.1 million, with strong demand in regions such as the Czech Republic and Spain. The company's TBI Bank saw a 29% increase in loan issuance, surpassing €1 billion.
4finance focused on operational efficiency, reducing the cost to income ratio to 41.9%. The company's net receivables grew by 21% to €1,315.9 million, indicating continued expansion and adaptability in a competitive market.
R. E.
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