NEWS

A selection of important Mogo milestones and releases.

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Mogo Finance reports Unaudited results for the nine months ended 30 September 2019

Increase in issuances continue to drive strong results OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 40.2% equaling EUR 132.6 million (9M 2018:  EUR 94.6 million), of which EUR 76.3 million in mature markets (9M 2018: EUR 69.1 million) Number of active customers in mid-tier markets up significantly by approx. 100.0% to over […]

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Mogo Finance announces settlement and listing of EUR 25 million tap on existing 9.50% corporate bond 2018/2022

Riga, Latvia, 13 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, announce the settlement of the EUR 25 million tap on its existing 9.50% corporate bond 2018/2022 (XS1831877755). Listing of the bonds on the Frankfurt Stock Exchange’s regulated market (General Standard) is based on the securities prospectus approved […]

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Mogo Finance: Unaudited 9M 2019 results on 15 November 2019 - Invitation to earnings call on 20 November 2019

Riga, Latvia, 11 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, cordially invites investors and analysts to a conference call with the Management Board on 20 November 2019, 15:00 CET, following the publication of its unaudited 9M 2019 results on 15 November 2019. Conference Call: CEO Modestas Sudnius […]

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Mogo Finance successfully places EUR 25 million tap on existing 9.50% corporate bond 2018/2022

Riga, Latvia, 7 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, is pleased to announce the successful placement of a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. Settlement is expected to take place on 13 November 2019. The […]

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Mogo Finance opens books for tap issue of existing 9.50% corporate bond 2018/2022

Riga, Latvia, 6 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, announces the start of the subscription period for the increase of its 9.50% corporate bonds 2018/2022 (XS1831877755) by way of a tap issue. Settlement of the tap issue is expected to take place in mid-November 2019. The […]

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AS "mogo" external auditor change

With this AS „mogo” informs about the change of external auditor starting from 29th of October 2019. The previous external auditor SIA “Ernst & Young Baltic” is replaced by AS “KPMG Baltics”. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment […]

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Mogo Finance shareholders commit to inject EUR 10M of additional capital

Riga, Latvia, 17 October 2019. Mogo Finance S.A., a specialist in secured used car financing, announces that it has signed a binding commitment with its current shareholders to provide up to ten million Euro (EUR 10,000,000) of additional capital. Two million Euro (EUR 2,000,000) already have been injected and the company intends to draw down […]

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Mogo Finance conducts European investor roadshow EUR bond tap issue may follow

Riga, Latvia, 3 October 2019. Mogo Finance S.A. and its group companies (the “Group”), specialized in used car financing, will conduct a series of investor meetings throughout Europe in connection with a potential tap issue of the EUR 75 million 9.5% Senior Secured Bonds 2018/2022 (XS1831877755). The Group has appointed Stifel Nicolaus Europe Limited as […]

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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 […]

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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

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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 […]