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CREDITSHELF AKTIENGESELLSCHAFT

(CSQ)
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Creditshelf on track: High double-digit growth in H1 2021

07/08/2021 | 01:31am EDT

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Quarter Results
creditshelf on track: High double-digit growth in H1 2021

08.07.2021 / 07:30
The issuer is solely responsible for the content of this announcement.


creditshelf on track: High double-digit growth in H1 2021

Frankfurt am Main, July 8, 2021 ? creditshelf, the leading credit platform for digital SME finance in Germany, significantly increased the arranged loan volume in H1 2021 and continues its envisaged growth path. A strong Q2 confirmed a positive trend which had already become apparent in the preceding quarters.

Highlights:

  • creditshelf increased its arranged loan volume in H1 2021 by 57% to EUR 71.8 mn (H1 2020: EUR 45.6 mn).
  • Since the launch of its platform in 2015, creditshelf has arranged a total of over EUR 360 mn in loans for German SMEs.
  • The last 12 months alone saw an arranged loan volume of nearly EUR 120 mn.
  • Institutional financing partnerships contributed significantly to the constant, positive development achieved over the last 3 quarters.
  • At EUR 744.5 mn, the volume of loans requested stood at the normalized level of the prior-year period (H1 2020: EUR 860.1 mn; short-term peak in requests at the beginning of the Corona pandemic).
  • The outstanding loan volume grew significantly to EUR 143.6 mn as of June 30, 2021 (June 30, 2020: EUR 103.9 mn).
  • The average tenor of arranged loans was 29.1 months in H1 2021 (H1 2020: 24.5 months).


Dr. Tim Thabe, CEO of creditshelf, stated:

"For me, H1 2021 clearly demonstrates the accelerating momentum of our platform's expanding network. In the first half-year of 2021 we were able to build on the growth trend we had established since the beginning of the year. After May showed slower business, this positive development was mainly driven by a strong June. German SMEs are willing to invest again, and companies are looking for suitable financing that is quickly and easily available. We expect additional growth impetus from new bank partnerships, which we successfully initiated in H1 2021."

The complete H1 2021 release will be published by creditshelf on September 9, 2021.
 

Overview of alternative KPIs

  H1 2021 H1 2020 +/-
Volume of requested loans (in EUR mn) 744.5 860.1 - 13%
Volume of arranged loans (in EUR mn) 71.8 45.6 + 57%
Number of arranged loans 67 45 + 49%
Average ticket size (in kEUR) 1,071 1,014 + 6%
Average tenor (in months) 29.1 24.5 + 19%
Average interest rate (in % volume-weighted) 8.58* 9.03 - 45 bps

*Adjusted for a single, particularly high-interest loan. Beforementioned loan included, the average interest rate was 9.73%.
 

Upcoming Investor Relations events

September 2, 2021 Commerzbank & Oddo Corporate Conference, Frankfurt/ Main
September 9, 2021 Publication of the half-year financial report 2021
September 24, 2021 Baader Small Cap Day, Munich
November 11, 2021 Publication of the quarterly statement for Q3 2021
November 22, 2021 German Equity Forum, Presentation & 1-on-1s, Frankfurt /Main
 

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: +49 (69) 348 77 2413
presse@creditshelf.com
www.creditshelf.com


Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: +49 69 348 719 113
ir@creditshelf.com
ir.creditshelf.com


About creditshelf

ir.creditshelf.com

creditshelf is the leading credit platform for digital SME finance in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via its constantly growing network. creditshelf caters to complementary needs: SME entrepreneurs gain easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs, and the company's partners can support their clients as innovative providers of new credit solutions. creditshelf's business model revolves around its unique, data-driven risk analysis and unbureaucratic, fast digital processes. creditshelf covers the entire value chain: Its platform is used to select suitable credit projects, analyze potential borrowers' credit quality, perform credit scoring, and price risk adequately. The company receives fees from both borrowers and investors for these services.

creditshelf has been listed on the Frankfurt Stock Exchange's Prime Standard segment since 2018. The experts making up its team have many years' experience of SME financing and are trusted partners and visionaries for building tomorrow's businesses.



08.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: creditshelf Aktiengesellschaft
Mainzer Landstrasse 33a
60329 Frankfurt/Main
Germany
E-mail: ir@creditshelf.com
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: 1216318

 
End of News DGAP News Service

1216318  08.07.2021 

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Financials
Sales 2021 7,30 M 8,58 M 8,58 M
Net income 2021 -3,65 M -4,29 M -4,29 M
Net Debt 2021 - - -
P/E ratio 2021 -15,6x
Yield 2021 -
Capitalization 56,4 M 66,4 M 66,3 M
Capi. / Sales 2021 7,73x
Capi. / Sales 2022 4,80x
Nbr of Employees 57
Free-Float 66,5%
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Number of Analysts 2
Last Close Price 41,00 €
Average target price 64,50 €
Spread / Average Target 57,3%
EPS Revisions
Managers and Directors
Tim Thabe Chairman-Management Board
Fabian Brügmann Chief Financial Officer
Rolf Elgeti Chairman-Supervisory Board
Gregor Heinrich Chief Technology Officer
Daniel Bartsch COO & Vice Chairman-Management Board