Signet Bank Updates Outlook on Eleving Group

Signet Bank has released an updated equity research report on Eleving Group, reflecting the company's Q1 2026 financial results. The report indicates that Eleving Group is on track with its growth objectives set during the IPO process. The loan portfolio is anticipated to reach EUR 522.4 million by year-end, accompanied by revenues of EUR 338.9 million and a net profit before FX of EUR 53.3 million.

The analysts project a 9% CAGR for the loan portfolio through 2030. Revenue and net profits are expected to grow at CAGRs of 17% and 14%, respectively. This growth will likely be driven by an increased share in higher-yield products, expansion in strategic markets, and stabilization in foreign exchange effects.

Signet Bank has revised its target price for Eleving Group shares to EUR 2.12, up from EUR 1.88. The report also forecasts a 50% dividend payout by 2027, with yields estimated between 15-18% for 2027–2030.