The FinTech company Klarna was able to grow in the first quarter. The company increased its turnover by 15 percent to $ 701 million (624 million euros). However, the company did not comment on the plans of an IPO after they were put on hold in April.
The little that was said about the IPO is that Klarna observes “the changes in economic conditions”. At the beginning of the year it was announced that Klarna had submitted documents for an IPO in the United States. However, the IPO was stopped due to the uncertainty regarding the import duties. Klarna now seems to want to wait until the market conditions stabilize.
The publication of the results for the first quarter emerges an operational profit of $ three million. This was an improvement of $ five million compared to the same period last year.
Klarna reports sales growth of 33 percent in the United States. The FinTech company, which is known primarily for its “Buy Now, Pay Later” services, works in 26 markets. In Great Britain, the third largest market of Klarna, the government announced shortly before the presentation of Klarna’s results that it would control BNPL services more strictly.
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