TIDMDFCH

RNS Number : 5514C

Distribution Finance Cap. Hldgs PLC

12 October 2022

12 October 2022

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

Third Quarter Loan Book

Distribution Finance Capital Holdings plc, a specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announces that its loan book reached GBP334m as at 30 September 2022, up 34% since the start of the year. Additionally, the Group's year-to-date stock turn has extended to c.115 days (FY 2021: 105 days).

The Group continues to perform in line with the Board's expectations for the year ending 31 December 2022.

Carl D'Ammassa, Chief Executive, commented: "The momentum we reported through the first half of the year has continued during the third quarter as we head into the critical re-stocking period and expect to see continuing loan book growth. I am pleased with the progress that we have made this year as we scale the bank and focus on reaching near-term profitability."

For further information contact:

 
 Distribution Finance Capital Holdings 
  plc 
 Carl D'Ammassa - Chief Executive Officer    +44 (0) 161 413 3391 
 Kam Bansil - Head of Investor Relations     +44 (0) 7779 229508 
 http://www.dfcapital-investors.com 
 
 Investec Bank plc (Nomad and Broker)         +44 (0) 207 597 5970 
 David Anderson 
  Bruce Garrow 
  Harry Hargreaves 
  Maria Gomez de Olea

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(END) Dow Jones Newswires

October 12, 2022 02:00 ET (06:00 GMT)

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