News
Eleving Group announces its intention of initial public offering in the Baltics and Frankfurt
With the IPO, Eleving Group aims to offer investors an opportunity to invest in one of the fastest growing, Baltic-headquartered, and Luxembourg-domiciled fintech companies operating in vehicle and consumer financing segments across 16 markets and 3 continents.
Eleving Group reveals its growth projections, targeting nearly double the profit by 2026
Eleving Group, while exploring IPO opportunities in the Baltics and Frankfurt, has disclosed its financial goals for the coming years. According to the projections, the company plans to nearly double its profit in three years.
Return to accelerated growth backed by historically highest profitability
During the second quarter, Eleving Group delivered robust business performance, achieving EUR 43.7 mln in adjusted EBITDA and increasing its net profit to EUR 14.9 mln, or by 32% compared to a year ago.
Eleving Group announces a dividend policy
The Group's Director and Supervisory Board, on July 30, 2024, approved a new official dividend policy aiming to pay semi-annual dividends with a payout ratio of 30-50%.
Fitch upgrades Eleving Group to ‘B’ with a stable outlook
Fitch Ratings has upgraded Eleving Group’s Long-Term Issuer Default Rating (IDR) from ‘B-‘ to ‘B’ with a stable outlook. Also, the Group’s senior secured debt rating was upgraded to ‘B’ with a Recovery Rating ‘RR4’.
Eleving Group appoints an international Supervisory Board
Eleving Group has appointed a supervisory board as it continues the process of evaluating a potential IPO. The functions of the Supervisory Board will henceforth be executed by Lev Dolgatsjov, Derek Urben, and Marcis Grinis.