Interim report January – September 2016

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

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

  •  Total income increased by 26%, amounting to SEK 1 082 million (857)
  •  Earnings after tax (EAT) increased by 47%, amounting to SEK 286 million (195)
  •  Return on equity (RoE) was 22% (22)
  •  Earnings per share increased to SEK 3,06 (2,20)
  •  Continued strong growth with increased quality in the credit portfolio, SEK 11,359 million (7,428) +53%
  •  Positive development of credit losses, 1.1% (1.5) 

The THIRD quarter 2016 (compared to the THIRD quarter of 2015)

  • Total income increased by 26%, amounting to SEK 374 million (296)
  • Earnings after tax increased by 35% and amounted to SEK 107 million (80)
  • Earnings per share increased to SEK 1.15 (0.85)
  • Collector Ventures invested in Glamma and Credit Kudos
  • Collector published a prospectus for a new share issue of more than SEK 500 million
  • Collector Bank strengthened management with a new HR Director, Sandra Schedwin
  • Collector strengthened its collection company Colligent with a new Managing Director, Susanne Bruce

EVENTS AFTER THE END OF THE PERIOD

  • Collector’s CEO will leave the position in spring 2017. Lena Apler, founder and Chairman of the Board of Collector steps in as Executive Chairman
  • Collector’s rights issue was fully subscribed
  • Collector’s Board decided in September 2016 to launch an MTN programme with a scope of SEK 5,000 million
  • Collector launches new digital business product – Reverse Factoring
  • Collector signs financing agreement with large European corporate group. The total volume amounts to SEK 1,150 million

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, CCO & IR Collector Phone +46 70 081 81 17 I Email asa.hillsten@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 31 October 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

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