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2018-08-29

Lendify Technologies AB (publ): Lendify Technologies AB (publ) releases interim report for the period 2018-01-01 to 2018-06-30

First six months 2018 (compared with the first six months 2017)

· Operating income amounted to 8 571 KSEK (193 KSEK).
· Operating profit amounted to 2 553 KSEK (-3 784 KSEK).
· Profit/loss after tax amounted to -358 KSEK (-3 821 KSEK).
· Cash and bank was 73 022 KSEK at 2018-06-30 (95 KSEK at
2017-06-30).

Second quarter 2018 (compared with the first quarter 2018)

· Operating income amounted to 8 474 KSEK (97 KSEK).
· Operating profit amounted to 3 667 KSEK (-1 114 KSEK).
· Profit/loss after tax amounted to 800 KSEK (-1 158 KSEK).
· Cash and bank was 73 022 KSEK at 2018-06-30 (1 740 KSEK at
2018-03-31).

Financial overview

+-----------------------------+--------+-------+-------+------------+------------+
|KSEK |Q2 2018 |Q1 2018|Q2 2017|Jan-Jun 2018|Jan-Jun 2017|
+-----------------------------+--------+-------+-------+------------+------------+
|Operating income |8 474 |97 |100 |8 571 |193 |
+-----------------------------+--------+-------+-------+------------+------------+
|Operating profit |3 667 |-1 114 |-2 305 |2 553 |-3 784 |
+-----------------------------+--------+-------+-------+------------+------------+
|Net financial income/expense |-2 867 |-44 |-22 |-2 911 |-37 |
+-----------------------------+--------+-------+-------+------------+------------+
|Profit/loss for the period |800 |-1 158 |-2 327 |-358 |-3 821 |
+-----------------------------+--------+-------+-------+------------+------------+
|Total assets |189 202 |6 531 |6 651 |189 202 |6 651 |
+-----------------------------+--------+-------+-------+------------+------------+
|Operating margin % |43,3% |E/T |E/T |29,8% |E/T |
+-----------------------------+--------+-------+-------+------------+------------+
|Equity ratio % |10,1% |35,2% |69,8% |10,1% |69,8% |
+-----------------------------+--------+-------+-------+------------+------------+

CEO comments

Lendify Technologies AB (publ), org. no 559129-2981 ("Lendify
Technologies"), was incorporated 12 February 2015. The company is a
wholly owned subsidiary of Lendify AB, org. nr 556968-1744
("Lendify"). Lendify Technologies manages development, maintenance
and leasing of an IT-platform for consumer lending. Lendify acts as
servicer for Lendify Technologies and manages administration and
IT-development for Lendify Technologies. Lendify Technologies pays a
quarterly fee for the service.

Events during the first six months 2018

Lendify Technologies issued a bond of SEK 150 million in May 2018.

The company has acquired the ownership of the IT-platform, including
all immaterial rights for the IT-platform, from Lendify AB.

The company became public in May 2018.

For further information, please contact:
Erika Eliasson, Chief Investor Relations Officer tel. no. +46(0)70 999
10 70

This information is information that Lendify Technologies AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation and
the Swedish Securities Markets Act (2007:528). The information was
submitted for publication, through the agency of the contact person
set out above, at 07:30 CET on 29 August 2018.

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http://news.cision.com/se/lendify-technologies-ab--publ-/r/lendify-techn...
http://mb.cision.com/Main/17396/2602752/898846.pdf

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