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 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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Quick facts

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