bullish
Cash Converters International - Delivering strongly on transition
SUMMARY
- Cash Converters International (ASX:CCV) is a consumer finance company operating as a service provider, owner and franchisor of second-hand goods and financial services stores in Australia and internationally.
- CCV has released a strong H1 25 result, delivering operating EBITDA growth of 12% over the previous corresponding period (pcp) to $36.5m (directly in-line with the RaaS forecast of $36.5m but with some changes in mix) and operating NPAT growth of 24% to $12.2m (a strong 8.9% beat over the RaaS forecast of $11.1m driven largely by reduced interest expense on lower-than-forecast debt balance and mix change).
- The result clearly illustrates the impact of the changed strategy of the business with the loan book transitioning away from legacy products and into medium-sized loans and the new line-of-credit (LoC) product.
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- Cash Converters International - Delivering strongly on transition04 Mar 2025
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