Interim report January – September 2017

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

JANUARY–SEPTEMBER 2017 (COMPARED WITH JANUARY–SEPTEMBER 2016)

  • Total income increased by 30%, amounting to SEK 1,403 million (1,082)
  • Earnings after tax (EAT) increased by 36%, amounting to SEK 388 million (286)
  • Return on equity (RoE) was 19% (22)
  • Earnings per share increased to SEK 3.78 (2.92)
  • Continued strong growth with good quality in the credit portfolio, SEK 18,415 million (11,359), up 62%
  • Stable level of credit losses at 1.1% (1.1)
  • Collector issues convertible loan of SEK 100 million to employees
  • Collector’s CFO, Pia-Lena Olofsson, will leave her position in the autumn of 2017
  • Maria Lykken Ljungdahl – new CFO at Collector
  • Collector’s CEO, Liza Nyberg, takes up her position
  • Spira – New app makes saving with shares easier than ever

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

Presentation to investors, analysts and media
A telephone conference with the opportunity to ask questions will be held today, 20 October at 10:00 a.m., with CEO Liza Nyberg and CFO Pia-Lena Olofsson presenting the report.

The telephone conference is held in Swedish and will be broadcast live at:
https://tv.streamfabriken.com/collector-q3-2017. To attend the telephone conference call:
+46 8 5664 2664 or +44 20 3008 9810. The switchboard opens at 9:55 a.m. CET

For further information, please contact:
Liza Nyberg, CEO, phone  +46 73 910 00 00, email at liza.nyberg@collectorbank.se
Pia-Lena Olofsson, CFO & Head of IR, phone +46 70-858 04 53, e-mail at pia-lena.olofsson@collectorbank.se
Åsa Hillsten, CCO & IR, phone +46 70-081 81 17, e-mail at asa.hillsten@collectorbank.se

This information is such information that Collector AB is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was issued for publication by the above contact persons on 20 October 2017 at 8:15 a.m. CET.

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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