TrustBuddy: Interim report first quarter 2015
The Board of TrustBuddy AB (publ.), listed on NASDAQ First North,
leaving the following quarterly report for January-March 2015
First quarter in summary January-March 2015
Net revenue amounted to SEK 26.8 million
Operating result before depreciation, EBITDA, amounted to SEK -15.8 million
Operating result, EBIT, amounted to SEK -19,6 million
Profit after tax amounted to SEK -19,9 million
Cash flow from operating activities amounted to SEK -20.1 million
TrustBuddy is one of Europe’s leading providers of P2P, peer-to-peer lending
TrustBuddy provides consumer and business loans under two brands, TrustBuddy and Geldvoorelkaar, in northern Europe. The operational activities in TrustBuddy is conducted by TrustBuddy AB corp. No. 556794-5083 from offices in Stockholm and with support functions for each market and country.
Geldvoorelkaar (Business loans)
Geldvoorrelkaar is TrustBuddys brand for business loans in the Netherlands, and the numbers show the lending volume (EUR) and number of loans issued for the specified period below. Consolidation of accounts is from 17th December 2014.
Business loans - Volume and numbers
First quarter January - March 2015
Total loans: 81 pcs (-2,5% for the period comp. prev. Year)
Total amount loans: EUR 8.3 m (+ 19.5% comp. period prev. Year)
Total amount loans since start: EUR 58 m
TrustBuddy (Consumer loans)
TrustBuddy is TrustBuddy AB’s brand to the consumer market in the Nordics and the numbers show the lending volume (SEK) and the number of loans issued during the specified period.
Consumer loans - Volume and numbers
First quarter January-March 2015
Total loans: 64 401 pcs (+ 4.9% quarter on quarter)
Total amount loaned: SEK 232.1 million (+ 24.3% qoq)
This report and the attached pdf file is a translation and an abstract.
For the full quarterly report for the period, please refer to the Swedish version.
For more information please contact:
Linus Lönnroth, CEO, TrustBuddy AB (publ)
About TrustBuddy AB (publ)
TrustBuddy AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.