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AS “mogo” consolidated annual report for the year ended 31 December 2018.
Emitents mogo AS (213800DOKX626GYVOI32)
Veids 1.1 Gada finanšu pārskati un revīzijas ziņojumi
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Datums 2019-06-01 09:09:55
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AS “mogo” consolidated annual report for the year ended 31 December 2018

 Interest and similar income of AS "mogo" and its subsidiaries ('The Group') reached 18,8 million euro (46% increase, compared to 2017), and net profit of the Group amounted to 2,8 million euro. At the end of 31 December 2018 gross value of the lease portfolio reached 39,4 million euro (22% increase, compared to 31 December 2017).

“2018 was a successful year for AS "mogo" Group in Latvia with substantial growth in the lease portfolio. It was achieved due to robust long-term relationships established with the partners, revised product offering and investments in the IT platform to satisfy our customer needs.   Further diversification of our products is expected in 2019 with the potential launch of a near-prime car loan product that is expected to support Mogo's continuous and profitable growth.” says Krišjānis Znotiņš, Member of the Board of AS “mogo”.

 

AS "mogo" external auditor change

With this AS „mogo” informs about the change of external auditor starting from 14th of December 2017. The previous external auditor SIA “PricewaterhouseCoopers” was replaced by SIA Ernst & Young Baltic.                                                                        

 

Attachments

AS “mogo” consolidated annual report for 2018 together with Independent Auditors’ Report.

AS “mogo” standalone annual report for 2018 together with Independent Auditors’ Report.

Corporate Governance Report for 2018

 

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 loans, which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 270 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. AS “mogo” has more than 20 thousand active customers in Latvia. Mogo Finance S.A. group companies operate successfully not only in Latvia, but also in Estonia, Lithuania, Georgia, Armenia, Poland, Bulgaria, Romania, Moldova, Belarus, Ukraine, Albania, Uzbekistan, Kazakhstan and Macedonia with more plans to expand business in other countries. Read more: www.mogofinance.com

 

Dārta Keršule

Regional CFO

Phone: +371 66900904

Email: darta.kersule@mogofinance.com

 

Simonas Jurgionis

Investor Relations Manager

Phone: +371 27073993

Email: simonas.jurgionis@mogofinance.com

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