VIA SMS Group publishes interim six month report for year 2017

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During the period from January 1, 2017 to June 30, 2017, the Company’s operations were successful; the Company has closed the reporting period with a net turnover of EUR 9 567 475 and corresponding 22% increase in comparison with the same period in 2016. The largest net turnover growth is reached in Spain and Sweden, where the net turnover has increased two times. During the first six months of 2017 the Company has reached EBITDA of EUR 1 188 562, ensuring the net profit of EUR 363 159.
The net loan portfolio as per June 30, 2017 is EUR 17 996 380, that is for 22.7% more than the net loan portfolio as per December 31, 2016. The largest net portfolio increase was reached in Spain, where net loan portfolio has increased by 44%, in Poland – 37% and in Latvia – by 25%.

VIA SMS Group is an alternative financial services provider operating across Europe. Since its founding in 2009 the company has expanded its operations to 5 countries and developed an extensive product portfolio with more than 10 different brands. As consumer lending still remains the core business of VIA SMS Group it has also developed such products as payment card SAVA.card, peer to peer lending platform VIAINVEST, savings product ViaSpar and has also issued company’s bonds. VIA SMS Group headquarters are located in Riga, Latvia, but it’s subsidiaries are operating in Sweden, Poland, Czech Republic and Spain under related brands.

Jānis Urtāns
Chief Financial Officer
Phone: +371 67212412
E-mail: janis.urtans@viasmsgroup.com

Full article can be found on Nasdaq OMX Baltic homepage.