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 a leading digital niche bank that develops financial solutions for private and corporate customers. For the private market, we offer savings and loans, invoicing and installment, credit card services and financial apps. The corporate segment encompasses payment solutions for e-commerce and retail, factoring and corporate lending, real estate credits and assignment debt collection. With an annual organic revenue growth of 30 % since 2005, we have the persistence, courage and experience required to believe in ideas and help get them off the ground. The Group consists of the parent company Collector AB (publ), the wholly owned subsidiary Collector Bank AB, where the main operations are conducted, Colligent Inkasso AB and Colligent Inkasso AS, offering assignment operations and debt collection, and Collector Ventures, which invests in FinTech. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector is listed on Nasdaq Stockholm.