Year-end report 2016

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

JANUARY – DECEMBER 2016 (COMPARED WITH JANUARY–DECEMBER 2016)  

  •  Total income increased by 27%, amounting to SEK 1,513 million (1,187)
  •  Earnings after tax (EAT) increased by 42%, amounting to SEK 405 million (286)
  •  Return on equity (RoE) was 20% (21)
  •  Earnings per share increased to SEK 4.25 (3.16)
  •  Continued strong growth with increased quality in the credit portfolio, SEK 13,242 million (8,697) +52%
  •  Credit losses fell to 1.1% (1.3) 

THE FOURTH QUARTER 2016 (COMPARED TO THE FOURTH QUARTER OF 2015)

  •  Total income increased by 31 %, amounting to SEK 431 million (330)
  •  Earnings after tax increased by 31 % and amounted to SEK 120 million (91)
  •  Earnings per share increased to SEK 1.18 (0.98) 
  •  Entered financing agreement with Rossignol. Estimated volume amounts to approximately SEK 1.2 billion 
  •  Entered into a new factoring and inventory financing agreement with Office Depot
  •  Launched new digital business product – Reverse Factoring  
  •  Invested in BetterWealth and Wint through Collector Ventures 
  •  Invested in Matspar.se and Wint through Collector Ventures 
  •  Initiated cooperation with the rewards app Wrapp for purchases paid by card 
  •  Launched digital B2B payment solution 
  •  Fully subscribed Rights Issue completed with an increase of 9 335 000 shares
  •  The Board of Directors proposes that no dividends be paid for 2016, which is in line with the adopted dividend policy

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  •  Collector moves up to Nasdaq Stockholm´s Large Cap segment 
  •  Invested in Nordkap through Collector Ventures
  •  Collector Bank AB (publ) has established an MTN-program of SEK 5 billion and published prospectus
  •  Collector contemplates the issuance of SEK bonds

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

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.

Presentations to investors, analysts and media
A telephone conference with the opportunity to pose questions will be held today, 9 February at 10.30 (CET) am, with Chairman Lena Apler and CFO Pia-Lena Olofsson presenting the report. The telephone conference will be held in Swedish and streamed live on www.financialhearings.com . https://wonderland.videosync.fi/collector-q4-report-2016  

To join the telephone conference, please call: +46 8 5664 2694 or +44 20 3008 9802. The switchboard will open at 10.25 am CET.   


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

This information is information that Collector AB is obliged to make public pursuant to EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set above, at 8.15 am CET on 9 February 2017.Ticker symbol COLL.  

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About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Since 2005, Collector has had annual organic revenue growth of 30% and profit growth (EAT) of 55%. 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 installments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes factoring and company credits directed mainly at small and medium-sized enterprises, property finance, debt collection on behalf of clients (assignment debt collection) and the acquisition of portfolios of overdue receivables. The Company has offices in Gothenburg (the head office), Stockholm, Helsinki and Oslo. The Group is comprised of the Parent Company, Collector AB (publ); the wholly-owned subsidiary, Collector Bank AB, in which the main operations are conducted; and Colligent Inkasso AB Colligent Inkasso AS, which are active in commissioned services and debt collection. Collector is listed on the Nasdaq Stockholm Large Cap list.

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Year after year, quarter after quarter, Collector has broken new records. This demonstrates that the business model is stable and not exposed to temporary fluctuations.
Lena Apler, Founder & Executive Chairman