Regular dividend payment is one of the ways in which “DelfinGroup” takes care of its investors every quarter, visiting the program “Nákotnes kapitāls”, says company manager Didzis Ādmīdiņš.
“Last year, we were able to increase business volumes quite well. After profit before taxes, we grew by 42%,” says the head of the company Ādmīdins. “DelfinGroup” has great ambitions and the company wants to develop. Ādmīdins does not reveal specific future plans, but he states that he wants to develop and introduce innovations in each of the three main business directions – pawnshop loan, consumer loan and trade. The company plans that its loan portfolio will reach 100 million euros by 2025.
In response to Kuzikov’s question, whether inflation is the basis of the company’s growth, Ādmīdins answers in the affirmative, but points out that there are other factors, such as the fact that the consumer credit market is small compared to the overall size of the economy.
The company’s public offering of shares in 2021 was successful and by the end of the same year the company paid off its largest debt. “But the other important thing was that we were very ready to go to the capital markets,” says the chairman of the board of the company, explaining that bonds had been issued for many years previously, which also helped prepare the company for the stock exchange. He believes it also helps the company a lot internally.
Although the number of shareholders from Latvia has increased significantly recently, the proportion is very similar to what it was in 2021, when there were four times more investors from Estonia. Answering the question whether Latvians invest less because non-bank lenders are unpopular, Ādmīdins says that “it is a matter of time” when the number of investors from Latvia will increase. “We need to become more visible,” he says.
2023-05-03 04:00:03
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