News
Eleving Group reconfirms future growth projections and estimates EUR 14-15 mln dividend payout in May 2025
Eleving Group has announced its unaudited financial results for 2024, reporting a net profit of EUR 29.6 mln. In line with its 50% dividend payout policy, the company estimates EUR 14-15 mln in dividends for the full year 2024.
Eleving Group 12M results ended on December 31, 2024
During the twelve months of 2024, Eleving Group delivered the best financial results in the company’s history. Eleving Group’s twelve-month adjusted EBITDA reached EUR 90.0 mln, while its revenue increased to EUR 217.0 mln.
Sustained accelerated growth backed by successful IPO
During the nine months of 2024, Eleving Group delivered strong business performance, achieving EUR 65.0 mln in adjusted EBITDA and increasing its net profit to EUR 21.9 mln, or by around 15% compared to a year ago.
Eleving Group Ranked 41st Fastest-Growing European Company in the last decade by Financial Times
Eleving Group is ranked 41st overall and 3rd in the Fintech, Financial Services, and Insurance category. It is the only Latvian company on the entire ‘Europe's Long-Term Growth Champions 2025’ list and the highest-ranked company from the Baltics.
Eleving Group improves profitability and informs about redeeming the outstanding subordinated bonds
Eleving Group is notifying holders of subordinated unsecured bonds 2021/2031 (ISIN XS2427362491) of its intention to redeem the outstanding bonds on November 29, 2024.
Following the IPO, Eleving Group secures EUR 4.75 mln loan from Absa Bank for business development in Uganda
Eleving Group has secured EUR 4.75 mln in local funding from Absa Bank, one of the largest banks in Africa. The loan will support the further growth of the Group's portfolio in the Ugandan market.