Interim report January–March 2015

Gothenburg, Sweden – Collector AB (publ) ("Collector") is a credit institution, a niche player that offers cost-effective and innovative financial solutions to private and corporate customers. 

  • Collector’s total income in the first quarter grew by 33% to SEK 265 million (199).
  • Collector’s profit before tax (EBT) in the first quarter grew by 55% to SEK 69 million (45).
  • Total assets as of 31 March 2015 amounted to SEK 7.2 billion (5.5).
  • Earnings per share for the first quarter amounted to SEK 0.63 (0.47).
  • Cooperation agreement with Nets in order to offer e-commerce companies a one-stop-shop for online payments in the Nordic region.
  • Launch of a newly developed anti-fraud system for e-commerce, credit cards and loans was launched.

Stefan Alexandersson, CEO Collector comments:

“The first quarter of 2015 was characterized by strong growth combined with high profitability.”

Readers are reminded that the original financial report, signed by the Board of Directors, is in Swedish. This is a translation of the Swedish financial report.

This information is published in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm. The information was submitted for publication at May 15, 2015 at 07.30 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

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Jan–Mar 2015 - Collector’s total income in the first quarter grew by 33% to SEK 265 million (199). - Collector’s profit before tax (EBT) in the first quarter grew by 55% to SEK 69 million (45). - Total assets as of 31 March 2015 amounted to SEK 7.2 billion (5.5).
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Quotes

The first quarter of 2015 was characterized by strong growth combined with high profitability.
Stefan Alexandersson, CEO Collector