NEO Finance, AB Interim Report and unaudited Financial Statements for twelve-month period ended 31 December 2019

NEO Finance AB
Interim information

In 2019, NEO FInance, AB continued to increase the volume of loans issued, reaching EUR 18.62 M and, compared to 2018 grew by 30%. Likewise, the income grew to EUR 1.72 M versus EUR 1.02 M in 2018 (70% growth). Company’s EBITDA decreased by 39%, and in 2019 was EUR -530K, whereas in 2018 it was EUR -381 K. Negative change was affected by one-off capital attraction costs, provisions adjustment and Payment initiation service (PIS) expansion. Accordingly, the net profit in 2019 was EUR -659 K, compared to EUR -453 K in 2018.

Payment initiation service (PIS) was growing rapidly. In 2019, the company performed over 3.55 M transactions, compared to 680 K transactions in 2018. Accordingly, primarily due to the increase in PIS volumes, payment-activity-related revenue increased more than 4 times, from EUR 39 K in 2018, to EUR 178 K in 2019.

Interim financial statements and interim report of NEO Finance, AB (legal entity code 303225546, address: Vivulskio st. 7, Vilnius, Lithuania) for twelve months period, as well as Confirmation of responsible persons, are ready for acquaintance in the attachment.


Andrius Liukaitis
Chief Financial Officer

2019 Report EN.pdf