Lion Finance Group PLC (OTCPK:BDGSF) Q1 2025 Results Conference Call May 15, 2025 9:00 AM ET
Company Participants
Nini Arshakuni – Head, Investor Relations
Archil Gachechiladze – Group Chief Executive Officer
Akaki Liqokeli – Macro Economist
Conference Call Participants
Priya Rathod – Jefferies
Stephen Payne – Peel Hunt
Ronak Gadhia – EFG Hermes
Nini Arshakuni
Hello, everyone. Welcome to Lion Finance Group PLC’s First Quarter Results Call. My name is Nini Arshakuni. I’m Head of IR, and today I’ll be moderating this call. I’ll be joined on this call by the Group Chief Executive Officer, Archil Gachechiladze, who will provide a detailed overview of the Group’s performance and financials across our key, business divisions in Georgia and Armenia.
But before that, I would like to invite our economist, Akaki Liqokeli, to discuss the macroeconomic developments affecting our core markets. I would also like to remind you that, this call is being recorded. And with that, I’ll let Akaki in.
He will join in a second. Hi, Akaki. You’re on the line, and you can share the presentation.
Akaki Liqokeli
Hello, everyone. Let me quickly share my screen. I hope you see it now. So I will be presenting the macroeconomic update for Georgia and Armenia to main markets of the Group. Let me start with growth highlights. So in quarter one, Georgian economy surpassed expectations, posting 9.3% year-on-year growth on top of 9.4% real GDP expansion in 2024. This once again demonstrates the resilience of the Georgian economy amid uncertainty.
So given the stronger-than-expected performance in quarter one, we have revised our full year real GDP growth forecast to 6.8%. We anticipate the Georgian economy activity will remain broad-based, primarily driven by consumption spending. Meanwhile, the Armenian economy continue to moderate in line with expectations, amid weaker external demand. Quarter one, the Armenian growth was 4.1%, and we project
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