According to the consolidated financial report for the period ended on 30 June 2022, international FinTech company Eleving Group has improved results in all key business figures with an exceptional six-month EBITDA that reached EUR 32.3 mln.
Fitch Ratings has affirmed Eleving Group's Long-Term Issuer Default Rating (IDR) and senior secured debt rating at 'B-'. The Outlook on the Long-Term IDR is Stable.
Eleving Group has joined the initiative organized by Delna (Transparency International LATVIA) and CSR Latvia, aimed to reduce the risks of corruption in the Latvian business environment, improve business practices in disclosing information, and implement anti-corruption programs.
On 7 June 2022, Eleving Group received a Carbon Neutrality Certificate from Carbon Footprint Ltd. The company achieved it by participating in co-financing the reforestation of the Great Rift Valley in Kenya and co-financing the purchase of effective household cookstoves in the ‘Up Energy Improved Cookstoves Programme’ in Uganda.
All-time best quarterly performance
Eleving Group bonds have been admitted to trading on the Nasdaq Baltic First North Market by Nasdaq Riga as of March 7, 2022