VIA SMS Group publishes interim six month report for the first half of 2018

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During the period from January 1, 2018 to June 30, 2018 JCS VIA SMS group operations were successful; the company has closed the reporting period with a net turnover of EUR 10 493 305 and corresponding 9,7% increase in comparison with the same period in 2017. During the first six months of 2018 VIA SMS Group has reached EBITDA of EUR 2 251 091, ensuring the net profit of EUR 1 251 708.

During the reporting period, significant growth was reached by the company’s Swedish subsidiary operating various brands, such as VIACONTO.se, VIAKREDIT.se and VIASPAR. Due to the optimization of the consumer lending product portfolio based on the deep analysis of customer needs, the Swedish subsidiary experienced 28% growth in the net portfolio if compared to the last 12 months. Newly established subsidiary in Romania operating under the brand name VIACONTO.ro has shown stable growth and is currently focusing on strengthening its positions in Romanian consumer lending market. Latvian subsidiary operating consumer lending brands VIASMS.lv and VIACREDIT.lv have also experienced growth following the new updated lending product launch, as well as growing demand for payment card with a credit line SAVA.card.

VIA SMS Group is an alternative financial services provider operating across Europe. Since its founding in 2009 the company has expanded its operations to 7 countries and developed an extensive product portfolio with more than 12 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, digital banking product VIALET 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, Romania, Lithuania and Spain.

Viktorija Ratacova
Chief Financial Officer
Phone: +371 67212412
E-mail: viktorija.ratacova@viasmsgroup.com

Full interim six month report for the first half of 2018 can be found here.