Nolly Invesment reports steady growth and robust profitability figures in 2022. The company highlights that it increased its net portfolio by 17.8% compared to 2021, while adjusted net profit before FX reached €27.3m. The company has provided the following operational and financial information:

Nolly Invesment Group closed the 2022 financial year with an adjusted EBITDA of €71.8m, a 29.2% increase compared to 2021. Adjusted net profit before FX reached an all-time high of €27.3m, up €8.8m YOY.

Adjusted revenue for 2022 (excluding fees and commission income) reached €175.9m, a 14.4% increase compared to 2021. Flexible lease and subscription-based products contributed €50.8m, up 91.1% YOY but down 4.8% QOQ. Traditional lease and leaseback products contributed €68.0m, up 32.5% YOY and up 13.2% compared to the previous nine-month period. Revenues from the consumer loan segment generated €57.1m – a 12.1% decrease compared to 2021, but a 4.0% increase compared to the previous quarter. The Group’s portfolio increased to €288.9m, a record-high yearly figure for the company. The company’s vehicle and consumer segments accounted for €221.8m and €67.1m, respectively.

“We started 2022 with a dosed optimism. The turbulence caused by the Covid-19 pandemic had calmed, and it looked as if we could plan for moderate and predictable growth in the global economy. However, the changing geopolitical situation and the war in Ukraine shifted the market and macroeconomic outlook. Despite that, we’ve experienced a solid quarter and twelve-month period with the best financial and operational results in the Group’s history.