Over the first 9 months of 2024, the leasing company Europlan demonstrated steady growth in financial indicators, which indicates a steadily developing business and a strong financial position. The company's net profit under international financial reporting standards (IFRS) amounted to 11.3 billion rubles, which is 6.3% more than for the same period in 2023, when the profit was 10.6 billion rubles.
Interfax
This profit growth confirms the company's stability even in the current economic conditions.
The main driver of the profit increase was a significant increase in net interest income, which rose by 48% year-on-year and amounted to 18.6 billion rubles. The company was also able to increase its non-interest income by 24%, to 11.4 billion rubles.
BCS Express
These indicators indicate high-quality management and a good income diversification strategy.
It is also worth noting the operational achievements of EuroPlan: the company successfully purchased and leased over 43,000 units of vehicles and equipment worth a total of 184.7 billion rubles, including VAT, which is 8% more than last year. The number of leasing transactions also increased by 11%, which is a positive indicator of demand for the company's services.
EuroPlan
In addition, the Board of Directors is considering the issue of paying dividends for this period, assuming the distribution of about 6 billion rubles, or 50 rubles per share. This decision emphasizes the financial stability of the company and its focus on creating value for shareholders.
EuroPlan
What should investors pay attention to?
Stability and sustainable growth: EuroPlan demonstrates consistent growth in profits and operating indicators, which indicates the company's reliability in the long term.
Attractive dividend policy: The issue of dividend payments highlights the company's desire to reward its shareholders and direct profits to dividend payments, which makes it interesting for long-term investors focused on regular income.
High demand for leasing and fleet development: The increase in the volume of leasing transactions and active purchase of equipment indicate a consistently high demand for leasing, which gives Europlan the opportunity to maintain and increase its market share.
Diversification of income sources: The growth of interest and non-interest income indicates a multi-channel profit structure, which reduces dependence on one direction and adds flexibility in changing economic conditions.
Overall, the financial results for 9M 2024 show that Europlan continues to develop a profitable and sustainable business, remaining an attractive opportunity for investors focused on profitability and stability.
