Interim report January–June 2017

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

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

  • Total income increased by 29%, amounting to SEK 911 million (708)
  • Earnings after tax (EAT) increased by 35%, amounting to SEK 241 million (179)
  • Return on equity (RoE) was 19% (21)
  • Earnings per share increased to SEK 2.35 (1.82)
  • Continued strong growth with increased quality in the credit portfolio, SEK 17,090 million (10,865) +57%
  • Positive development in credit losses 1.1% (1.2)
  • Communication from Collector´s Annual General Meeting of 25 April 2017
  • Lena Apler – Female Founder of the Year 2017
  • Liza Nyberg – new CEO in place from 1 September
  • Collector Bank successfully issues SEK 500 million of subordinated Tier 2 bonds
  • Collector issues convertible loans of MSEK 100 to staff*

* Completed in July 2017 and affecting the capital base from July 2017

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

Presentations to investors, analysts and media
A telephone conference with the opportunity to pose questions will be held today, 19 July at 10.00 (CET) am, with Founder & Acting CEO Lena Apler and CFO Pia-Lena Olofsson presenting the report. The telephone conference will be held in Swedish and streamed live on https://tv.streamfabriken.com/collector-q2-2017
To join the telephone conference, please call: +46 8 5664 2666 or +44 20 3008 9804. The switchboard will open at 09.55 am CET.

For further information, please contact:
Lena Apler, Founder & Acting CEO Collector | Phone +46 70-525 65 80 | Email lena.apler@collectorbank.se
Pia-Lena Olofsson, CFO, Collector | Phone +46 70 858 04 53 | Email pia-lena.olofsson@collectorbank.se
Åsa Hillsten, CCO & IR Collector | Phone +46 70 081 81 17 | Email asa.hillsten@collectorbank.se

This information is information that Collector AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08.14 CET on July 19, 2017.

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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.

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Quotes

It’s particularly satisfying to be able to defend the title of growth company when we now find ourselves among the giants on the Nasdaq Large Cap
Founder & Acting CEO, Lena Apler