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creditshelf Aktiengesellschaft / Key word(s): Change in Forecast
creditshelf Aktiengesellschaft raises 2022 EBIT forecast to EUR 0.0 to 1.0 million after agreement with ATB administrator
Frankfurt am Main, June 10, 2022 – creditshelf Aktiengesellschaft (WKN A2LQUA, ISIN DE000A2LQUA5, stock exchange symbol CSQ, "creditshelf") adjusts its EBIT guidance for the financial year 2022 following an agreement on outstanding funding with the administrator of the insolvent Amsterdam Trade Bank (ATB). In the context of the agreement, creditshelf will receive an income-relevant compensation from ATB for, among other things, lost revenues and additional expenses incurred. Based on an unchanged revenue forecast with a range of EUR 10 to 12 million, the compensation amount as well as increased expenses the company now expects an EBIT of EUR 0.0 to 1.0 million for the current financial year (original EBIT forecast: EUR minus 0.5 to plus 0.5 million).
Communications & IR:
creditshelf is the leading financier for digital SME loans in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via its constantly growing network. creditshelf caters to complementary needs: SME entrepreneurs gain easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs, and the company’s partners can support their clients as innovative providers of new credit solutions. creditshelf's business model revolves around its unique, data-driven risk analysis and unbureaucratic, fast digital processes. creditshelf covers the entire value chain: Its platform is used to select suitable credit projects, analyze potential borrowers’ credit quality, perform credit scoring, and price risk adequately. The company receives fees from both borrowers and investors for these services.
creditshelf has been listed on the Frankfurt Stock Exchange’s Prime Standard segment since 2018. The experts making up its team have many years’ experience of SME financing and are trusted partners and visionaries for building tomorrow’s businesses.
10-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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