Collector announces its intention to list on Nasdaq Stockholm
Gothenburg, Sweden – Collector AB (publ) (”Collector”) announces its intention to launch an initial public offering and listing of its shares on Nasdaq Stockholm. Collector is a niche player within banking and financial services that offers creative, customer friendly and efficient financial products for private individuals and corporates.
Nasdaq Stockholm has approved Collector’s shares for listing. The approval is, inter alia, conditional upon fulfillment of the distribution requirement no later than on the first day of trading. Subject to favourable market conditions, the first day of trading is expected to be in the beginning of June 2015.
Lena Apler, founder and Executive Chairman of Collector, comments:
“Collector has, during our 16 years, had a consistent development of growth and profitability. Our culture is characterized of openness, growth and transparency. To continue the growth, we feel that a listing on the stock exchange is a natural and obvious step. To be listed on the stock exchange is a proof that it is possible to combine entrepreneurship and strong growth with high quality.”
Stefan Alexandersson, CEO of Collector, comments:
"During the first quarter of 2015, we had our strongest customer inflow ever and the number of private customers now exceeds 3 million. As CEO, I am proud of our employees and what we achieve together. The listing gives us better access to capital markets and increases awareness of the Collector brand, which jointly with our strong technology platform will continue to drive our growth strategy."
Learn more at https://www.collector.se/en/about-collector/investors/ipo2015/
| Amounts in SEK thousands (unless otherwise stated) |
Q1 2015 | Q1 2014 | 2014 | 2013 | 2012 |
| Total income | 265,038 | 199,139 | 916,211 | 697,442 | 590,396 |
| Profit before tax (EBT) | 69,205 | 44,639 | 243,684 | 191,368 | 146,396 |
| Profit after tax | 54,352 | 34,733 | 188,133 | 148,200 | 114,344 |
| Capital base[1] | 900,234 | 528,729 | 905,562 | 527,233 | 440,901 |
| Equity | 1,049,498 | 672,368 | 994,583 | 635,420 | 512,098 |
| Total capital ratio[2] (%) | 14.1% | 10.9% | 14.9% | 11.9% | 13.1% |
| Equity-to-assets ratio[3] (%) | 14.5% | 12.1% | 15.2% | 13.3% | 14.2% |
| Return on equity[4] (%) | 24.1% | 25.1% | 23.1% | 25.5% | 24.1% |
| Credit losses[5] (%) | 1.4% | 1.2% | 1.4% | 1.1% | 1.9% |
The first quarter of 2015 showed high growth combined with good profitability. Total income increased 33% and profit before tax 55%. For further financial information regarding the first quarter of 2015, please see the interim report for January – March 2015, which is available at www.collector.se.
[1] Refers to the financial group of companies. Capital base as of 31 March 2015 excluding profit after tax for the period 1 January – 31 March 2015 for the financial group of companies which amounted to KSEK 53,764. If the profit for the period had been included, the capital base for the financial group of companies as of 31 March 2015 had amounted to KSEK 953,998 and the Total capital ratio to 14.9%
[2] Capital base divided by total capital requirement. Refers to the financial group of companies
[3] Equity divided by total capital at the end of the period
[4] Profit after tax in relation to average equity, rolling 12 months
[5] Credit losses in relation to lending and other accounts receivable, rolling 12 months
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This information is published in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm. The information was submitted for publication at May 15, 2015 at 08.00 CET.
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