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 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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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