NEWS

A selection of important Mogo milestones and releases.

Posted on

Mogo Group adds loans for investment from its 10th country on Mintos – Belarus!

Mogo Group, one of the largest used-car financing companies in Europe, has expanded its presence on Mintos once again by adding car loans from Belarus. With this development, Mogo Group now offers investment opportunities from 10 different countries on the marketplace. Mogo Group was founded in 2012 in Latvia and joined the Mintos marketplace in […]

Posted on

Solid six month results cannot be unnoticed. Latest interview with Mogo Finance management

Here is the latest interview with Mogo Finance CEO Modestas Sudnius, CFO Maris Kreics, CFA, FCCA about recent results and future plans on one of the most influential finance portals in Germany – BONDBOOK (article is in German language). Full article: https://bit.ly/2lFJWrA For more information, please contact: Simonas Jurgionis, Investor Relations Manager

Posted on

AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019

Net profit of the AS “mogo” Group amounted to 3.1 million euro which is significant increase from the 410 thousand euro in first 6 months of 2018 Significant financial results improvement was reached because of successful update of customer evaluation policy, what helped to decrease impairment for doubtful debtors. The Group has also reviewed its […]

Posted on

Mogo Finance reports unaudited results for the six month ended 30 June 2019

Investments in growth pay off as profitability OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 30.3% equaling EUR 83.4 million (6M 2018: EUR 64.0 million), of which EUR 48.8 million in mature markets (6M 2018: EUR 48.3 million) Consolidated number of active customers up significantly by approx. 53.8% to over 100,000 (31 December 2018: approx. 65,000) Mid-tier countries Moldova and Romania, as well as […]

Posted on

Changes in AS “mogo” Board of Directors

AS “mogo” informs that as of August 13, 2019, Juris Pārups current Chairman of the Board of AS “mogo” has stepped down from his position. Considering the above, the AS “mogo” Board of Directors currently consists of one member – AS “mogo” CEO Krišjānis Znotiņš. About AS “mogo” AS “mogo” offers classical finance lease, lends […]

Posted on

Credit line granted to AS “mogo”

On 2nd August 2019 AS “Citadele banka” granted to AS “mogo” the credit line in the amount of EUR 3 million for refinancing of existing indebtedness. Maturity of agreement – July 2021. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and […]

Posted on

Mogo Finance: Initial Fitch Rating B- (stable outlook)

Riga, Latvia, 23 July 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, have received a B- (Stable Outlook) Long-Term Issuer Default Rating (IDR) from Fitch Ratings (Fitch) and a Senior Secured Debt Rating assigned B- for its 9.50% corporate bond 2018/2022 (XS1831877755). In line with the recent uplisting to […]

Posted on

AS “mogo” consolidated annual report for the year ended 31 December 2018

AS “mogo” and its subsidiaries concluded 2018 with 46% increase in turnover In 2018 the turnover of AS “mogo” and its subsidiaries reached nearly 19 million euros, which is 46% turnover, compared to 2017. Thanks to increasing interest of the customers in possibility to get loan for the purchase of a used car, 2018 was […]

Posted on

Mogo Finance reports unaudited results for the three months ended 31 March 2019

Increase in profitability with continued strong performance OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased by 17.0% equalling EUR 37.8 million (3M 2018: EUR 32.2 million), of which EUR 24.3 million in mature markets (3M 2018: EUR 24.1 million) Consolidated number of active customers up significantly by approx. 30.8% to over 85,000 (31 December 2018: […]

Posted on

Mogo Finance: Publication of audited FY2018 annual accounts until mid of May 2019

Riga, Latvia, 26 April 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, expects a delay in the publication of the audited FY 2018 results until mid of May 2019 instead of as planned at the end of April 2019 due to additional technical and organizational efforts related to the […]