News - Eleving Group

April 17, 2024

Eleving Group plans to explore external equity-raising options for financing future growth - IPO is a high-priority consideration

Eleving Group has mandated LHV Pank (Estonia) to act as the Lead Arranger for a potential initial public offering (IPO).

April 10, 2024

Eleving Group 2021/26 bonds are listed on the Nasdaq Riga regulated market

Eleving Group announces that from today, April 10, 2024, its 2021/2026 bonds (ISIN XS2393240887) with a coupon rate of 9.5% and maturity in 2026, are listed on Nasdaq Riga regulated bond market.

February 12, 2024

An outstanding year with promising prospects for robust growth in the future

Eleving Group has announced unaudited results for the 12M ended on 31 December 2023. The Group has recorded EUR 77.2 mln in EBITDA and EUR 191.1 mln in revenues.

January 16, 2024

Eleving Group raises EUR 10 mln for further business expansion in Romania

Eleving Group has just raised EUR 10 mln for its business in the Romanian market. The funding has been raised from ACP Credit, Central Europe's leading provider of financing solutions for middle-market businesses, and is made available to Mogo Romania, a subsidiary of Eleving Group.

November 13, 2023

Eleving Group achieves 11% net portfolio growth, closing the nine-month period with EUR 58.5 mln in adjusted EBITDA

Eleving Group has announced unaudited results for the nine months ended on 30 September 2023. The Group recorded a healthy financial performance during the quarter, with revenues of EUR 136.0 mln, while the net portfolio reached EUR 327.3 mln, a growth of 11% QOQ.  

October 25, 2023

Fitch Assigns Eleving Group's 2028 Senior Secured Bonds Final 'B-' Rating

Fitch Ratings has assigned Eleving Group's (B-/Stable) EUR50 million senior secured bonds due in October 2028 (ISIN: DE000A3LL7M4) a final rating of 'B-' with a Recovery Rating of 'RR4'.