Key Points:
- SaveLend Group AB has updated its growth strategy and set new financial goals for the group until 2027.
- The company aims to have a net revenue exceeding MSEK 450 with an EBIT margin of at least 27% by 2027.
- SaveLend Group operates two platforms, SaveLend and Billecta, which offer savings opportunities and billing solutions.
- The company plans to improve its savings offering and establish more partnerships to increase diversification.
- SaveLend Group also aims to make its billing platform, Billecta, an autonomous operation within the group.
Fintech company SaveLend Group AB has announced that it has updated its growth strategy and set new financial targets for the group until 2027. The company aims to achieve a net revenue exceeding MSEK 450 with an EBIT margin of at least 27% by 2027. SaveLend Group operates two proprietary platforms, SaveLend and Billecta, which provide savings opportunities and billing solutions, respectively.
The company plans to continue improving its savings offering by providing a wider product portfolio, such as project financing and a fixed-interest account. SaveLend Group also aims to establish more partnerships with originators to increase diversification for investors on the savings platform. Additionally, the company plans to make Billecta an autonomous operation within the group, allowing it to have its own growth agenda and focus on selected customer segments to achieve continued volume and margin growth.
SaveLend Group’s growth strategy for 2024-2027 includes improving the operating margin through margin effects on increased volume and cost control. The company will focus more clearly on its Swedish home market to achieve its financial goals. The board of SaveLend Group has set a target of at least MSEK 450 in net revenue by 2027. The savings platform is expected to account for MSEK 325 of this revenue, while the billing platform is expected to account for MSEK 125. The company also aims for an EBIT margin exceeding 27% for each segment to ensure profitability.
Ludwig Pettersson, the CEO of SaveLend Group, commented on the updated growth strategy, stating that they have made changes to prepare for the future and achieve their new financial targets. The company has focused on better cost control and a more focused operation, and intends to work with even greater focus on their goals in the Swedish market for both customers and shareholders.
