Fintech aifinyo AG after record year on track for profitable growth in Q1 2023

Fintech aifinyo AG after record year on track for profitable growth in Q1 2023

• Transaction volume +42% to 105.86 million euros
• Gross profit +20% to EUR 3.15 million
• Development of EBIT and EBT also clearly positive
• Positive outlook for the entire year 2023 and beyond

Berlin, 2 May 2023 – After a record year in 2022, aifinyo AG has also had a dynamic start to the new year. Around 10,000 entrepreneurs in Germany now manage their invoices, financing and cash flows on the B2B fintech’s smart invoicing platform. All business areas are currently contributing to aifinyo’s growth: The subscription-based tools around invoice and liquidity management with recurring SaaS revenue as well as the revenue from financing services. Billomat, which was acquired in the first quarter of 2022, is also developing well. The integration is largely complete and subscription revenue has increased by 25% since the acquisition.

aifinyo increased its transaction volume* by 41.9% to EUR 105.86 million, in the seasonally rather quiet first quarter. Gross profit (total operating profit less costs of goods and depreciation of leased assets), one of the most important key indicators, increased by 20.3% from 2.79 million euros to 3.15 million euros in the reporting period. aifinyo also increased earnings at all levels in the first quarter of 2023. Earnings before interest, taxes, depreciation and amortization (EBIT) rose by 58.5% from EUR 393 thousand to EUR 622 thousand and earnings before tax (EBT) by 63.7% from EUR 203 thousand to EUR 333 thousand. The results in the first quarter of 2022 were adjusted for special costs for the acquisition of Billomat. The slight decrease in total production by 5.5% to EUR 12.7 million is due to a change in the mix of financial services in demand, had no negative impact on growth or earnings as previously outlined and should normalize during the year.

“After the positive first quarter, we expect growth to continue for the entire year 2023,” says aifinyo CEO Stefan Kempf. “aifinyo offers entrepreneurs a cloud-based ecosystem for all aspects of administration, financing and payment of invoices that is unique in Germany. We are thus addressing a still largely untapped market of around 4 million companies, the penetration of which will continue to offer us significant opportunities in the following years.”

The report for the first quarter of 2023 (unaudited) is available at www.aifinyo.de/download.

Overview of key figures Q1 (unaudited):

*Total factoring, fine trading, leasing and collection transactions processed

About aifinyo

aifinyo is the trusted smart invoicing partner for entrepreneurs and freelancers to automate invoicing, financing and payment of invoices. For this purpose, fintech runs a unique platform around invoice and liquidity management, including uncomplicated financing solutions within factoring, fine trading, leasing and receivables management. With Billomat, aifinyo also offers one of the leading cloud-based accounting systems in Germany, with which all invoice processes are handled easily and efficiently.

The shares (ISIN: DE000A2G8XP9) of aifinyo AG are listed on Xetra as well as im:access, a market segment specific to medium-sized companies within the regulated unofficial market of the Munich stock exchange. The German Federal Financial Supervisory Authority (BaFin) supervises aifinyo finance GmbH as a provider of financial services and aifinyo payments GmbH as a provider of payment services.

For more information, visit www.aifinyo.de

Responsible

aifinyo AG
Friedrichstraße 94, 10117 Berlin
Tel.: 0351 / 896 933 10, E-mail: [email protected]

Financial media & investor relations contact

Fabian Lorenz
Tel.: 0221 / 29831588, E-mail: [email protected]