|Emitents||mogo AS (213800DOKX626GYVOI32)|
|Veids||1.1 Gada finanšu pārskati un revīzijas ziņojumi|
Mogo Finance reports Unaudited results for the twelve months ended 31 December 2019
Increase in issuances continue to drive strong profitability in terms of EBITDA growth
OPERATIONAL AND STRATEGIC HIGHLIGHTS
FINANCIAL HIGHLIGHTS AND PROGRESS
Modestas Sudnius, CEO of Mogo Finance, commented:
“During 2019 we have executed well on our strategy for the year - to focus on the profitability - and have delivered a record annual EBITDA with a more than 50% increase compared to the year 2018.
This was mainly driven by significant profitability and operational performance improvements particularly in mid-tier markets as well as solid results in our mature countries.
Longo business line sale, together with now fully staffed regional and group management teams, will help us to fully focus on our core mission - providing mobility by the use of most convenient financing solutions.
Mogo Group is well positioned to have another record-breaking year ahead of us with core focus on continuous top line and profitable growth.”
The full unaudited report for the twelve months ended 31 December 2019 is available under https://mogo.finance/investment/results-and-reports/.
A conference call in English with the Group's management team to discuss these results is scheduled for 18 February 2020, at 15:00 CET.
Please register: http://emea.directeventreg.com/registration/8799929
The presentation for the conference call will be available here as of 18 February 2020, at 09:00 CET.
Maris Kreics, Chief Financial Officer (CFO)
About Mogo Finance:
Mogo Finance is one of the largest and fastest-growing secured used car financing companies in Europe. Recognizing the niche in used car financing underserved by traditional lenders, Mogo Finance has expanded its operations to 17 countries issuing over EUR 550 million up to date and running a net loan and used car rent portfolio over EUR 190 million. Mogo offers secured loans up to EUR 15,000 with maximum tenor of 84 months making used car financing process convenient, both for its customers and partners. Wide geographical presence makes Mogo unique over its rivals and diversifies revenue streams.
Mogo Finance operates through its own branch network, more than 2,000 partner locations and strong online presence. Physical footprint makes Mogo Finance top of mind brand in used car financing. Established in 2012, headquartered in Riga, Latvia Mogo Finance operates in: Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus, Armenia, Uzbekistan, Kazakhstan, North Macedonia, Bosnia and Herzegovina, Kenya and Uganda.
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