Investor Presentation 27 Nov 2014
Sydney, Nov 27, 2014 AEST (ABN Newswire) - Cash Converters International Ltd (
ASX:CCV) (CKKIF:OTCMKTS) report strong revenue growth, up 26.2% to $97.2m on previous corresponding period (pcp).
This is driven by:
- Increase of $12.5m from Personal Loan products
- Increase in Corporate Store revenue of $6.1m
- Personal Loan book $105m as at 30 September, up 23.4% from $85.1m from 30 Sept 2013
- Amount of online loans advanced for Personal Loan products of $13.1m, up 111.5% (pcp $6.2m)
Underlying, normalised EBITDA up 61% on pcp to $15.98m. Driven by:
- Corporate Store EBITDA up 148.7% to $4.7m as acquired stores make a strong contribution
- Personal Loan EBITDA up 38.8% to $11.8m
- Cash Advance EBITDA up 11.2% to $2.97m
The Australian business has been improving strongly as customers settle into the new regulatory regime We expect the trend to continue into the typically strong Christmas period.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CCV-701700.pdf
About Cash Converters International Ltd
Cash Converters International (ASX:CCV) is a franchised retail network listed on the ASX. It specialises in the sale of second-hand goods. The Cash Converters group employs modern retailing practices, professional management techniques and high ethical standards to the management of its stores throughout the chain which appeal to a wide cross section of the community. As a result, Cash Converters has been able to position its outlets as credible retail merchandise stores, resulting in a profitable market for the group.
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