PRESS RELEASE: creditshelf: Big steps towards equilibrium in Q3 2021

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DGAP-News: creditshelf Aktiengesellschaft / Keyword (s): Figures 9 months creditshelf: Big steps towards equilibrium in Q3 2021 2021-11-11 / 07:30 The issuer is solely responsible for the content of this announcement.

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creditshelf: big steps towards equilibrium in the third quarter of 2021. Significant growth in turnover over 9M 2021 to 4,880.9 kEUR (9M 2020: 3,674.5 kEUR). The growing network of partners from banks, consulting firms and corporate finance shops contributes to the quality of loan applications. Improved cost base and continued volume growth confirm success on the path to breakeven. The stable performance of the portfolio highlights the SME asset class opportunities for investors. Forecast for fiscal year 2021 confirmed

Frankfurt am Main, November 11, 2021? creditshelf Aktiengesellschaft, the leading funder of digital lending to SMEs in Germany, today reports its results for the first 9 months of 2021.

creditshelf continued to grow in 9M 2021: 110.9 million euros of arranged loans (9M 2020: 70.3 million euros) generated revenues of 4,880.9 kEUR (9M 2020: 3,674.5 kEUR ), an increase of 32.8%. One of the main drivers of this success has been the expansion of creditshelf’s network of business partners, which now extends beyond traditional banking partnerships. In addition to numerous consulting firms and corporate finance shops, the company’s network of more than 700 partners now includes, for example, the subsidiary of Hypoport Fundingport GmbH. Partnerships with institutional investors such as the Dutch bank FIBR, which provides debt capital to German SMEs through the Creditshelf platform, give new impetus to growth.

Dr Daniel Bartsch, COO of creditshelf comments on 9M 2021: “Partnerships are one of the most important levers for us and have allowed us to reach a new level of volume of loans arranged on the creditshelf platform. In the first 9 months of 2021, we provided almost EUR 111 million to German SMEs. This underlines the importance of alternative sources in financing SMEs. At the same time, it is an important signal to our financial partners: we can offer a relevant volume of high quality SME assets with very stable portfolio performance. ”

On the basis of positive business development and prudent cost management, losses in the credit department were halved compared to 9M 2020. Despite higher regular amortization of intangible assets, EBIT declined. considerably improved to -2,076.1 kEUR (9M 2020: kEUR

-4,149.1). Total charges reduced compared to the level of the previous year despite a strong increase in the volume of loans arranged. Staff costs decreased, driven by lower costs related to share-based employee incentive programs. Marketing and advertising spending fell significantly compared to the same period last year, reflecting a highly targeted marketing strategy with effective campaigns targeting clearly defined target groups. Regarding this strategy, the company has responded to changes in demand behavior, which are due to broad government support measures during the coronavirus crisis, and has focused its marketing efforts more on sectors and channels. specific. The other operating expense items were further reduced thanks to internal automation and targeted management of non-staff costs, following on from the measures already taken in fiscal year 2020.

The Management Board confirms the forecasts published on March 30, 2021, as part of the annual report. The group’s turnover range remains unchanged between 6 and 8 million euros. Still unchanged, the Management Board expects a negative EBIT for the group of minus 3 to minus 4 million euros.

Key figures at a glance

                                                       9M 2021  9M 2020 
in EUR million 
Loan request volume                                    1,160.2  1,248.9 
Arranged loan volume                                     110.9     70.3 
 
in kEUR 
Revenue                                                4,880.9  3,674.5 
of which borrower fees                                 3,606.8  2,496.4 
of which investor, servicing, and advisory fees        1,274.1  1,178.1 
Other income                                              45.5    510.7 
Own work capitalized                                     488.3    312.7 
Total expenses                                         6,539.2  7,770.0 
Personnel expenses                                     4,064.3  4,467.1 
of which for share-based employee incentive programs     421.6    681.1 
Advertising and marketing expenses                       526.2  1,128.5 
Legal and consulting expenses                            544.3    583.6 
Third-party services                                     235.8    354.5 
Miscellaneous other operating expenses                 1,168.6  1,236.3 
EBITDA                                                -1,124.5 -3,272.1 
Depreciation and amortization                            951.6    877.1 
EBIT                                                  -2,076.1 -4,149.1 

The full quarterly statement for the third quarter of 2021 is available for download starting today on the company’s investor relations website, ir.creditshelf.com.

Upcoming Investor Relations Events

November 11, 2021 Publication of Q3 2021 quarterly report November 22, 2021 German Equity Forum, Presentation & 1-on-1s, Frankfurt / Main

Communications and RI:

creditshelf Aktiengesellschaft Maximilian Franz Head of Communications & Content Mainzer Landstrasse 33a 60329 Frankfurt Germany Tel. : +49 69 348 719 113 [email protected] www.creditshelf.com About creditshelf

creditshelf is the leading funder for digital loans to SMEs in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company offers flexible and bank-independent financing solutions through its constantly evolving network. creditshelf responds to complementary needs: SME entrepreneurs have easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs and company partners can support their clients as innovative suppliers of new credit solutions. Creditshelf’s business model is built around its unique, data-driven risk analysis and fast, unbureaucratic digital processes. creditshelf covers the entire value chain: its platform is used to select suitable credit projects, analyze the credit quality of potential borrowers, perform a credit rating and assess risk adequately. The company collects fees from borrowers and investors for these services.

creditshelf has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since 2018. The experts who make up its team have many years of experience in financing SMEs and are trusted partners and visionaries in building the businesses of tomorrow.

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2021-11-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de

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Language:     English 
Company:      creditshelf Aktiengesellschaft 
              Mainzer Landstrasse 33a 
              60329 Frankfurt/Main 
              Germany 
E-mail:       [email protected] 
Internet:     www.creditshelf.com 
ISIN:         DE000A2LQUA5 
WKN:          A2LQUA 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1248003 
 
End of News   DGAP News Service 
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1248003 2021-11-11

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(END) Dow Jones Newswires

November 11, 2021 01:30 ET (06:30 GMT)


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