Revenues doubled in 2018 to EUR 2.Four million. Robust fourth quarter contributes EUR 0.eight million Greater than EUR 100 million of organized loans since launch Common ticket dimension and common tenor markedly above fiscal 2017EBIT impacted by deliberate funding in enterprise expansionManagement Board expects development to proceed in 2019Frankfurt am Predominant, Germany, March 28, 2019 – creditshelf Aktiengesellschaft, a pioneer in digital financing for small and medium-sized enterprises (SMEs) in Germany, at the moment printed its figures for the fiscal 12 months 2018. creditshelf skilled a pointy enhance in enterprise quantity in 2018, with a year-on-year rise in revenues of simply lower than 100 % to EUR 2.Four million (EUR 1.2 million in 2017). That is mainly attributable to a major enhance within the quantity of loans organized by way of the creditshelf platform, from EUR 33.5 million in 2017 to a complete of EUR 50.7 million in 2018. Because of this, creditshelf reported an uptick in borrower charges to round EUR 1.5 million (EUR 0.eight million in 2017). Investor charges launched within the second quarter of 2017 contributed round EUR 0.9 million to revenues in 2018 (EUR 0.Four million in 2017), the primary full 12 months of their utility.Earnings earlier than curiosity and tax (EBIT) in 2018 had been impacted by funding in enterprise enlargement, as had been anticipated, and amounted to EUR -5.Four million (EUR -1.1 million in 2017). That is primarily attributable to larger personnel prices of EUR 3.eight million (EUR 1.1 million in 2017) as a result of a deliberate enhance in staffing ranges and one-time funds associated to the IPO. creditshelf’s workforce expanded from 17 full-time equivalents (FTEs) at the start of 2018 to 33 FTEs at year-end, December 31. Furthermore, bills for advertising and promoting rose to EUR 1.1 million (EUR 0.2 million in 2017) on account of actions designed to ascertain the creditshelf model. Non-current property at year-end December 31, 2018 had been EUR 3.2 million, and due to this fact above the determine for year-end 2017 (EUR 1.9 million). Specifically, there was an increase in intangible property, pushed by investments in know-how and the danger platform, totalling EUR 2.Four million (EUR 0.5 million at year-end 2017). Present property rose on account of the profitable IPO on July 25, 2018 to EUR 13.2 million (EUR 2.Three million at year-end 2017). Two capital will increase and the IPO lifted fairness to EUR 11.5 million (EUR 1.2 million at year-end 2017). The equity-to-total-assets ratio was due to this fact up considerably, at 69.7 % (27.5 % in 2017). Furthermore, non-current and present monetary liabilities grew to EUR 5.Zero million, in comparison with EUR 3.1 million at year-end 2017.Dr Tim Thabe, creditshelf CEO, expressed nice satisfaction with the progress made in 2018: “As a pioneer within the area of digital SME financing in Germany, creditshelf efficiently continued to pursue its development targets in 2018. This exhibits that our technique is working successfully, and this truth is mirrored in our outcomes. There have been way more requests for loans and way more loans organized by way of creditshelf than ever earlier than. The profitable IPO and our investments in software program, employees and advertising have additional strengthened our place. We’re satisfied that we’re solely on the very starting of our enterprise improvement journey. There’s nonetheless a substantial amount of untapped potential within the SME digital lending market. At creditshelf, we’re working each day to take advantage of that potential.”The worth of loans requested by way of the creditshelf platform in the course of the interval greater than doubled year-on-year to in extra of EUR 1 billion in 2018 (EUR 471 million in 2017). creditshelf additionally noticed the amount of loans organized step up by 51.2 % to EUR 50.7 million. Regardless of the fast price of enlargement, creditshelf has stored its excessive requirements of danger evaluation. Concurrently, the corporate skilled an uptick within the common ticket dimension to EUR 745 thousand (EUR 424 thousand in 2017). The common tenor prolonged to 19.9 months (14.5 months in 2017). This led to a considerable enchancment in margins. To underpin its development and to effectively course of mortgage requests, creditshelf continues to develop its danger evaluation instruments. On the identical time, the corporate is engaged in discussions with main banks so as to place itself as a strategic associate. The Administration Board is due to this fact assured of its capability to take advantage of the alternatives offered by a dynamic market marked by burgeoning demand for various financing options, and to increase its market management in digital SME financing in Germany. The creditshelf Administration Board expects revenues to rise by between 90 and 130 % to EUR 4.Four to EUR 5.5 million in 2019. Contemplating investments in continued development, EBIT in fiscal 2019 is forecasted to lie in a hall of EUR -3.5 to EUR -4.5 million. Within the medium time period, the Administration Board continues to foresee the corporate organize loans to the tune of EUR 500 million yearly.The whole 2018 annual report is accessible to obtain at the moment on the investor relations web site ir.creditshelf.com.Additional data:creditshelf AktiengesellschaftBirgit HassHead of Advertising and CommunicationMainzer Landstrasse 33a60329 FrankfurtTel.: +49 (69) 348 77 [email protected] and Public Relations:Thöring & StuhrPartnerschaft für KommunikationsberatungArne StuhrManaging DirectorMittelweg 14220148 HamburgTel: +49 (40 )207 6969 83 Mobil: +49 (177) 3055 [email protected] Relations:creditshelf AktiengesellschaftFabian BrügmannCFOMainzer Landstrasse 33a60329 FrankfurtTel.: +49 (69) 348 772 [email protected] AGMaximilian FranzUnter den Eichen 765195 WiesbadenTel: +49 (611) 20 58 55 [email protected] creditshelf – www.creditshelf.comcreditshelf is a pioneer within the area of digital SME financing in Germany that allows loans by way of its easy-to-use on-line platform www.creditshelf.com. creditshelf, which was based in 2014 and is predicated in Frankfurt/Predominant, sees itself as a market and know-how chief within the fast-growing enterprise of digital SME financing in Germany. As a supplier of SME financing, creditshelf has developed its platform to fulfill the financing wants of German SME debtors by loans from buyers on this asset class. On this course of, creditshelf provides to dealer company loans and thus permits small and medium-sized firms to entry extremely engaging financing options. On the identical time, creditshelf provides skilled buyers in search of engaging funding alternatives entry to SME financing. The core competencies of creditshelf embody the number of appropriate credit score initiatives, evaluation of the creditworthiness of potential debtors and the availability of credit score scoring and a risk-adequate pricing. creditshelf receives charges for its companies from each SME debtors and buyers.Day by day information from creditshelf onFacebook https://www.fb.com/creditshelf/Twitter https://twitter.com/creditshelfLinkedIn https://www.linkedin.com/firm/5317762/ and Xing https://www.xing.com/firms/creditshelfag https://platform.twitter.com/widgets.js