Sales shock for Creditshelf

The fintech has to revise its annual forecast for 2022 downwards. Millions are at stake.

The financing platform Creditshelf had to correct the annual forecast downward again shortly before the turn of the year. Daniel Bartsch, CFO of the enterprise , counts only on a conversion of six to seven million euro. The original estimate was seven to eight million euros. This is also likely to have an impact on profits, which are thus expected to turn into a loss. Bartsch expects a minus of one million euros, as the Finance Magazine reports.

In a news release, Bartsch states the reason: "Due to time delays in the implementation of downstream conditions of a concluded refinancing facility (...) this cannot yet be utilized as planned." This has consequences for Start-up, which the CFO explains as follows: "As a result, the processing of part of the new business originally planned for this year on the basis of contracts already brokered will foreseeably be postponed until next year." So he can no longer book the sales in 2022, but probably in 2023.

Thus the Fintech closes the year clearly worse than originally thought. In the first quarter, one had still written a black zero. In the spring, Creditshelf still said that it would turn over ten to twelve million euros, later the company had to adjust its forecasts downwards for the first time, then came the next damper at the end of December.