05.03.2019 MyBucks S.A.  LU1404975507

DGAP-News: MyBucks results for the six months ending 31 December 2018


 

DGAP-News: MyBucks S.A. / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement
MyBucks results for the six months ending 31 December 2018

05.03.2019 / 12:37
The issuer is solely responsible for the content of this announcement.


MyBucks S.A.
Registration number: B199.543
WKN: A2AJLT
ISIN:LU1404975507
Ticker Symbol: MBC:GR
("MyBucks" or the "Company" or the "Group")

MyBucks results for the six months ending 31 December 2018

- Net loan book increased by 30% from June 2018 (EUR 85.7 million) and 50% from December 2017 (EUR 73.6) to EUR 111.0 million

- Revenue increased by 24% from EUR 30.2 million to EUR 37.4 million over the previous comparative 6-month period

- Provision to gross loan book was at 11.2%, reduced from 31 December 2017 (19.4%)

- Annualised average finance cost reduced to 15.8% from 20.2% from the previous corresponding 6-month period

Luxembourg, 4 March, 2019 - Frankfurt Stock Exchange-listed Fintech, MyBucks S.A. has released solid interim results, including a 30% increase in loan book and a 24% increase in revenue. The increase in loan book demonstrates the success of the Group's strategy to become the leading pan-African digital bank. The quality of the book at the same time has increased substantially, as shown by the reduction in impairments (from 19,4% to 11,2%).
Dave van Niekerk, Executive Chairman of MyBucks, said, "This reduction in provisions is due to two main reasons. Firstly, the composition of the banking operations becoming a greater part of the business, and secondly our A.I. continuously improving. We anticipate provisions to further reduce, with the banking segment further growing in importance and the A.I gaining further traction."

To fund the substantial growth, the Group has been able to raise an additional EUR 50 million of debt. While debt increased, the cost of funding reduced substantially to an average annualised cost of funding at 15,8% (from 20,2%). The reduction in rates was due to the banking operations raising cheaper funding through customer deposit and the Group continuing with the success of its local bond programmes as well as refinancing of high-interest legacy debt.

The loss before tax for the period amounted to EUR 2.1 million. Operating cost increased due to additional cost requirements from the banking operations as well as the additional cost associated with the Capfin (Australia) and Pride (Malawi) acquisitions. The acquisitions have been fully integrated which should result in a reduction in costs for the second half of the year. The Group also embarked on a cost cutting process, which was concluded by December 2018.

Van Niekerk concluded, "The results are testament to the solidity of the MyBucks business, the strategic acquisitions and our investment in technology.

As a Group, we have finalised the integration of all our acquisitions and we have disposed of non-strategic and all loss-making operations and have begun to reduce operational expenses while continuing to grow. The Group is now well positioned to start seeing the benefits of the past two years and all the underlying operational subsidiaries are profitable.

We are proud to have won 4 European Fintech awards over the last three years and are working hard to generate additional revenue on the back of our technology. We are on track to build the leading pan-African digital bank - combining our technology, licenses, and know-how in all the markets in which we operate."

ENDS

About MyBucks

MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates in eleven African countries and in Australia through its brands Fair Go Finance, GetBucks, GetSure, MBC, NFB and Opportunity Bank. The Group offers credit, banking solutions and insurance products to customers.

The MyBucks product offering enables customers to manage their financial affairs easily and conveniently. Discover more at http://www.mybucks.com

 

Contact:

Investor related matters: investors@mybucks.com

Public relations: pr@mybucks.com

 

 



05.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: MyBucks S.A.
9 rue du Laboratoire
L-1911 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 2088 2123
Fax: +27 86 537 2010
E-mail: info@mybucks.com
Internet: www.mybucks.com
ISIN: LU1404975507
WKN: A2AJLT
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

783951  05.03.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 12,98 31,29 36,25 55,79 21,01 12,77 0,00 0,00
EBITDA1,2 4,56 11,14 11,08 13,93 -2,30 -21,98 0,00 0,00
EBITDA-Marge3 35,13 35,60 30,57 24,97 -10,95 -172,12 0,00 0,00
EBIT1,4 4,56 11,14 11,08 11,41 -2,30 -21,98 0,00 0,00
EBIT-Marge5 35,13 35,60 30,57 20,45 -10,95 -172,12 0,00 0,00
Jahresüberschuss1 2,18 3,34 -1,88 -13,04 -8,19 -36,11 0,00 0,00
Netto-Marge6 16,80 10,67 -5,19 -23,37 -38,98 -282,77 0,00 0,00
Cashflow1,7 -7,46 -16,95 -6,56 -28,34 -25,06 -27,25 0,00 0,00
Ergebnis je Aktie8 0,20 0,30 -6.45 -1,10 -0,59 -2,23 -0,35 -0,09
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
MyBucks
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2AJLT 0,436 33,42
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,000 -0,42
KBV KCV KUV EV/EBITDA
-0,80 - 2,62 -1,520
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 31.01.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2020 17.12.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,08% -36,08% -46,57% -51,45%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu MyBucks S.A.  ISIN: LU1404975507 können Sie bei DGAP abrufen

FinTech , A2AJLT , MBC , XETR:MBC