Interim report January – June 2016

Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL).

JANUARY – JUNE 2016 (COMPARED WITH JANUARY–JUNE 2015) 

  • Total income increased by 26%, amounting to SEK 708 million (561)
  • Earnings after tax (EAT) increased by 55%, amounting to SEK 179 million (115)
  • Return on equity (RoE) was 21% (22)
  • Earnings per share increased to SEK 1.91 (1.34)
  • Continued strong growth with increased quality in the credit portfolio, SEK 10,865 million (6,535) +66%
  • Positive development of credit losses, 1.2% (1.5) 

THE SECOND QUARTER (COMPARED TO THE SECOND QUARTER OF 2015)

  • Total income increased by 23 %, amounting to SEK 365 million (296)
  • Earnings after tax increased by 54 % and amounted to SEK 94 million (61)
  • Earnings per share increased to SEK 1.01 (0.70)
  • Collector becomes new supplier of e-commerce payment solutions to Liseberg AB and Coop Norge Handel AS.  
  • Collector enters an agreement with Stadium, becomes a full-service pay-ment solution partner.  
  • Collector is establishing a new company, Collector Ventures KB, jointly with NFT Ventures. Collector’s cooperation with NFT shall focus on investments in FinTech companies.

EVENTS AFTER THE END OF THE PERIOD

In July 2016, Collector Checkout with Insights was launched. Collector Checkout gives online retailers every key manner of payment gathered in one integration and the possibility to analyse their customer database.

Read more on https://www.collector.se/en/about-collector/investors/financial-information/ 

For further information, please contact:
Stefan Alexandersson, CEO, Collector I Phone +46 70 607 38 87 I Email stefan.alexandersson@collectorbank.se
Pia-Lena Olofsson, CFO, Collector I Phone +46 70 858 04 53 I Email pia-lena.olofsson@collectorbank.se
Åsa Hillsten Eklund, CCO & IR Collector Phone +46 70 081 81 17 I Email asa.hillsteneklund@collectorbank.se

This information is information that Collector AB is obliged to make public pursuant to EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set above, at 8.15 am CET on 20 July 2016.Ticker symbol COLL  

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About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Operations are comprised of the Retail and Corporate segments. Within the Retail segment, the company is engaged in lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes real estate credits, factoring and company credits directed mainly at small and medium-sized enterprises, debt collection on behalf of customers (assignment debt collection) and the acquisition of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. The Group consists of the parent company Collector AB (publ), wholly owned subsidiary Collector Bank AB, where the main business is conducted, Colligent Inkasso AB and Colligent Norge AS with business services and debt collection and Collector Ventures 1 KB with investments in Fintech. Collector AB (publ) is listed on Nasdaq Stockholm