NEO Finance AB
“The fourth quarter of 2022 shows positive signs. We expect the company to be profitable in 2023, looking at the net profit line” – this is how Enlight characterizes NEO Finance in its February 2023 research report, which offers insights on the company’s performance and future prospects. While forecasts for the second half of 2021 were more ambitious, Enlight Research’s analysts note that they have lowered their sales forecasts but raised their expectations for profit growth.
The research company forecasts that consumer loans will increase by 30% to EUR 48 million in 2023 and by 25% to EUR 60 million in 2024. The same growth is predicted for the payment collections partner, with a 30% increase in transactions in 2023 and 25% in 2024. Following the positive growth trend on the crowdfunding platform FinoMark, Enlight Research expects positive growth this year as well, forecasting that business loans granted will grow by 150% to EUR 6.7 million this year, and by 80% to EUR 12.1 million thereafter.
“We are pleased that analysts are positive about our prospects and are forecasting significant growth in all three of our businesses, both in terms of consumer and business loans and payment collection. For us, the Enlight Research surveys are an additional confirmation of our operational efficiency. For investors, it provides greater transparency and confidence in us. It is also a great way to assess for ourselves how we look from the outside and to take into account certain observations,” says Evaldas Remeikis, the head of administration at NEO Finance AB.
About NEO Finance AB
NEO Finance AB was established in 2014. The company has full E-money institution license issued by the Bank of Lithuania, also holds peer-to-peer lending license, and is registered as consumer lending provider. The company runs P2P platform Paskolų klubas, provides payment initiation and account information services under Neopay brand name, and has acquired the crowdfunding platform FinoMark.
About Enlight Research
Enlight Research helps issuers communicate their investment story and gives investors insights to support their investment decisions. Our vision is to create a fair investment environment where high-quality research is available to ALL. Our success is visible on the Baltic Stock Exchange where the majority of the well-known listed companies have joined our platform and readership have gone from hundreds to thousands.
Head of Administration