DB:OT8Consumer Finance
Eleving Group (DB:OT8) Can Revenue Growth Outrun Margin Compression And Debt Risk
Eleving Group walked into this earnings print with the stock treading water around €1.61 and flat 90 day returns. On the surface that looks sleepy. The headline numbers are not. Q2 basic earnings per share of €0.0825 and net income of €8.8m sit on top of a half year where revenue reached €165m and the net loan book already hit €522m.
For a lender that often trades on fears about debt and credit risk, the real story today is profit resilience. Earnings are holding up while the balance sheet...