Qliro AB: Year-end report 2020

Important events during the fourth quarter
• Number of active customers increased to 2.5 million (2.1 million Q4 2019 and 2.3 million Q3 2020)
• New agreements with Biltema and Scandinavian Luxury regarding payment solutions
• Pay-after-delivery volumes grew with 26 percent, excluding former Qliro Group merchants the growth in volumes was 59 percent
• Capital ratios strengthened, and the total capital ratio was 26.8% (17.8% as of Q4 2019) compared to the regulatory requirement of 11.7%

October-December 2020 (October–December 2019)
• Total operating income increased by 14 percent to 99.8 MSEK (87.5)
• Total expenses increased with 1 percent to 90.7 MSEK (89.9)
• Net credit losses amounted to 26.3 MSEK (31.8)
• Operating profit improved to -17.2 MSEK (-34.2)
• Net profit for the period was -15.5 MSEK (-26.8) earnings per share was -0.86 SEK (-1.49)

Comment from Carolina Brandtman, CEO Qliro
” Income increased by 14 percent, rising in both Payment Solutions and Digital Banking Services, while expenses were stable and credit losses decreased compared with the fourth quarter 2019. In the quarter, the number of transactions with our payment methods increased by 37 percent and transaction volume by 26 percent.

2020 was an eventful year impacted by the global pandemic. I am proud of how our employees handled what many times was a challenging situation and adjusted to the new reality. We took major steps forward during the year by listing separately on the stock market and adding new, long-term, active shareholders with great confidence in our business and future potential.

We have strengthened our position as the biggest challenger in payment solutions for large Nordic e-merchants and improved the consumer experience. Our partnership strategy, large and growing customer base, modern checkout solution and digital consumer platforms give us a solid foundation to continue to gain market share in the fast-growing e-commerce market. I see good growth opportunities in the coming years as a payment partner to e-merchants as well as a platform for digital financial services for Nordic consumers.”

Presentation
Analysts, investors and media are invited to a webcasted conference call/audiocast on the 16th of February at 10 am when CEO Carolina Brandtman and CFO Robert Stambro will present the result. After the presentation there will be a Q&A session.

Phone numbers:
Sweden +46 8 505 583 59
UK +44 (0) 333 300 9272
USA +1 833 249 8405

Link to the webcast: tv.streamfabriken.com/qliro-q4-2020

The presentation material and the webcast will also be available at https://www.qliro.com/en/investor-relations/presentations

For further information, please contact:

Andreas Frid, Head of Investor Relations 
Phone: +46705290800
E-mail: ir@qliro.com

About Qliro AB

Founded in 2014, Qliro is a tech company offering flexible payment solutions for e-commerce merchants in the Nordics and digital financial services to consumers in Sweden. Since inception 2014, Qliro has grown quickly and in the last year 2.5 million customers have used Qliros services and business volumes with Qliros payment products exceeded SEK 6.2 billion. The largest owners are Rite Ventures with 25.8% ownership and Mandatum Life (Sampo owned company) with 9.8 % ownership.

Qliro is listed on Nasdaq Stockholm since October 2020 with the ticker “Qliro”. Qliro has its registered address in Stockholm and is a credit market company under supervision of the Swedish Financial Supervisory Authority (FI). For more information see https://www.qliro.com/en/investor-relations

This information is information that Qliro AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-02-16 07:30 CET.

Attachments

Qliro Year End Report 2020