NEWS

A selection of important Mogo milestones and releases.

Posted on

Mogo Finance S.A.: Mogo Finance reports unaudited results for the nine months ended 30 September 2020

First tangible signs of success towards leaner and more profitable organization   OPERATIONAL AND STRATEGIC HIGHLIGHTS Performance in mogo markets recovered from initial pandemic shock; progress in focus on most profitable markets Issuances and debt collection back to pre-Covid-19 level – portfolio quality recovering Admin expenses unchanged y-o-y; adjusted for expansion of business – decreasing […]

Posted on

Mogo Finance S.A.: Unaudited 9M 2020 results on 10 November 2020 – Invitation to earnings call on 12 November 2020

Riga, Latvia, 3 November 2020. Mogo Finance and its group companies (the “Group”), specialized in used car financing, cordially invites investors and analysts to an earnings call with the Management Board on 12 November 2020, 15:00 CET, following the publication of its unaudited 9M 2020 results on 10 November 2020. CEO Modestas Sudnius and CFO Maris Kreics accompanied by CRO Julija Lebedinska-Ļitvinova Ph.D.will present […]

Posted on

Announcement by Mintos: Mogo Finance plans to acquire Tigo and Kredo

Mogo Finance group, one of the largest European used car finance groups, has announced it is planning to acquire two lending companies – Kredo and Tigo. Both companies currently are part of Finitera group. The acquisitions are subject to regulatory approval. Finitera has been seeking a strategic investor since the beginning of 2020. Its management […]

Posted on

Mogo Finance S.A.: Mogo Finance reports Unaudited results for the six months ended 30 June 2020

Successful transition through Covid-19 – Strong signs of recovery towards the end of H1 2020 OPERATIONAL AND STRATEGIC HIGHLIGHTS Measures implemented in response to Covid-19 prove to be effective – Operating countries nearly back to normal Declining issuances in H1 2020 recovering since May from troughs in April, but still below pre-Covid-19 levels and H1 […]

Posted on

MOGO ADDRESSES QUERIES ON FINANCIAL COVENANTS

Riga, Latvia, 10 July 2020. Mogo Finance and the representative of the investors in the Euro bonds have agreed to temporarily increase the potential financial covenants headroom, in exchange of a liquidity undertaking that would ensure timely payment of interests. We would like to stress that no covenant breach of the Euro bonds has occurred […]

Posted on

Fitch Affirms Mogo at 'B-'; Outlook Negative

Fitch Ratings – Frankfurt am Main – 02 Jul 2020: Fitch Ratings has affirmed Mogo Finance S.A.’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Negative Outlook. A full list of rating actions is at the end of this rating action commentary. The Negative Outlook reflects that in Fitch’s view, the risks to Mogo’s […]

Posted on

Mogo Finance S.A. - Ratings Navigator

This Ratings Navigator for Mogo Finance S.A. is a visual overview of the key quantitative and qualitative factors we analyse to arrive at an entity’s credit rating, and embodies our commitment to providing clarity to investors. The navigator is fully aligned with our Rating Criteria, and clearly articulates how rating is constructed.  ACCESS REPORT

Posted on

Fitch Revises Outlook on Mogo to Negative; Affirms at 'B-'

Fitch Ratings-Frankfurt am Main-07 May 2020: Fitch Ratings has revised the Outlook on Mogo Finance S.A.’s Outlook Long-Term Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at ‘B-‘. A full list of rating actions is at the end of this rating action commentary. The revision of the Outlook to Negative reflects […]

Posted on

Mogo Finance reports Unaudited results for the three months ended 31 March 2020

Strong profitability in terms of EBITDA despite unprecedented headwinds of global Covid-19 pandemic OPERATIONAL AND STRATEGIC HIGHLIGHTS In line with the announced commitment, Mogo Finance shareholders have injected additional EUR 5 million of capital during Q12020. This marks total new capital of EUR 10 million injected into the Group since September 2019 By following its […]

12345...8