Interim report January – March 2016

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

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

  • Total income increased by 30%, amounting to SEK 344 million (265)
  • Profit after tax (EAT) increased by 56%, amounting to SEK 85 million (54)
  • Return on equity (RoE) was 21% (24)
  • Earnings per share increased to SEK 0.91 (0.63)
  • Property finance, Factoring and Personal loans experienced the strongest revenue growth
  • Continued strong growth with increased quality in the credit portfolio, SEK 9,618 million (5,915) +63%
  • Positive development of credit losses, 1.3% (1.4)

EVENTS AFTER THE END OF THE PERIOD

  • An agreement has been signed with a large Swedish retail chain, making Collector a full-service supplier of payment solutions. The agreement will generate an annual credit volume of approximately SEK 500 million.
  • Collector is reinforcing its position as a digital innovator. Collector is establishing Collector Ventures KB with the aim of developing new digital products and technical solutions through investments in FinTech companies.
  • Collector is becoming a new supplier of e-commerce payment solutions to Liseberg AB and Coop Norge Handel AS. Initially, the combined annual credit volume is estimated to total just over SEK 200 million.

Read more on https://www.collector.se/en/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 70 607 38 87 I Email pia-lena.olofsson@collectorbank.se

This information is published pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act or the rules and regulations of Nasdaq Stockholm. The information was submitted for publication on 28 April 2016 at 8.15 a.m. (CET). Stock exchange: 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