contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

VEF is an investment company. The company invests in emerging markets. The main investment focus is on companies operating in the Fintech industry, which includes technology companies in the financial sector. The investment portfolio mainly consists of companies in the early growth phase with products/services in consumer credit, payment solutions, money transfers, and insurance. The company was previously known as Vostok Emerging Finance and is headquartered in Stockholm.

Creditas, VEF’s largest portfolio holding, has announced its financial results for 2Q24.Key comments from Creditas’ release:“In 2024 we started a new phase in our history, a phase marked by ...

<div class="mfn-preamble"><p><strong>Creditas, VEF’s largest portfolio holding, has announced its financial results for 2Q24.</strong></p></div><div class="mfn-body"><p>Key comments from Creditas’ release:</p><p><em>“In 2024 we started a new phase in our history, a phase marked by sustainable and profitable growth. Among the main achievements of Q2-24 we (i) expanded Gross Profit by 45% compared to Q2-23 to a record R$209.4mn while (ii) reducing Costs below Gross Profit expenses by 15% to R$224.4mn.</em></p><p><em>Since the end of 2023 we have been running the company with positive cash flow and we are now able to self-fund the company’s growth. We continue building on a company foundation that generates profits to reinvest in future growth, allowing the reacceleration of origination while continue benefiting from the repricing of our portfolio and the tight monitoring of its strong credit quality, maintaining profitability and sustainable margins.</em></p><p><em>With gross profit margins now at 42.4% in Q2-24 (withing the 40-45% steady-state range that we anticipated 2 years ago) we are moving the company to a target annual growth rate of 25%+ in the following years, while remaining profitable. In this new phase we will prioritize our technology investments in user experience as a mechanism to grow efficiently and deliver a best-in-class onboarding process for our customers.</em></p><p><em>Q2-24 already shows the transition to this new phase with the first portfolio growth since Q1-23 to R$5.7bn built on originations of R$694.6mn (+16.5% sequential growth). At R$493.5mn in revenues, Q2-24 is our second highest revenue quarter ever (R$497.3mn in Q2-23) while reaching record gross profit of R$209.4mn (R$144.8mn in that same quarter of 2023).”</em></p><p>The full release is available on Creditas’ investor relations webpage and can be accessed at the following link: <a rel="noopener" href="https://ir.creditas.com/ir/financial-information">https://ir.creditas.com/ir/financial-information</a></p></div><div class="mfn-footer mfn-contacts mfn-697190337b3e"><hr><p><strong class="mfn-heading-1">For further information please contact:</strong><br>Cathal Carroll, Investor RelationsCFO: +46&nbsp;(0) 8-545 015 50</p></div><div class="mfn-footer mfn-about mfn-a8e9fa19b8b1"><hr><p><strong class="mfn-heading-1">About Us</strong><br><em>VEF AB&nbsp;(publ) is an investment company whose Common&nbsp;Shares are listed in Sweden.&nbsp;We&nbsp;invest in growth stage private fintech companies,&nbsp;take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq Stockholm's Main Market under the ticker VEFAB. For more information on VEF, please visit </em><em><a rel="noopener" href="http://www.vef.vc">http://www.vef.vc</a></em><em>.</em></p></div><div class="mfn-footer mfn-regulatory mfn-regulatory-mar"><p><em>This information is information that VEF AB (publ) 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 2024-08-29 17:30 CEST.</em></p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><hr><p><strong class="mfn-heading-1">Attachments</strong><br><a rel="noopener" href="https://storage.mfn.se/ac9669ca-d8cc-4336-974a-22169f083418/vef-creditas-financial-results-2q24.pdf" class="mfn-generated mfn-primary">VEF: Creditas financial results 2Q24</a></p></div>

VEF: Creditas financial results 2Q24

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