Hoist Finance first Capital Markets Day
Today Hoist Finance hosts its Capital Markets Day in Stockholm, Sweden.
During the day the management of Hoist Finance will present its view of the market for non-performing loans, the market development and the driving forces forward.
Hoist Finance will describe its view of how the company's strong position will drive growth and profitability ahead. Hoist Finance will also present its views on the market and the growth potential in each region.
The company's financial objectives over the medium term remain unchanged as:
- EBIT margin of 40 percent
- Core Tier I ratio of 12 percent
- A dividend of 25-30 percent of consolidated net income, and the long term goal to distribute approximately 50 percent of the annual net profit
- Return on equity of 20 percent
During the day Hoist Finance will describe how the financial goals will be achieved and the funding strategy for the coming years.
The presentations will be broadcast live from 08.30 CET on https://wonderland.videosync.fi/2016-09-15-hoist-finance-capital-markets-day
Group Head of IR
Tel: 46 8 555 177 19
About Hoist Finance
Hoist Finance is a leading debt restructuring partner to international banks and financial institutions, offering a broad spectrum of advanced solutions for acquisition and management of non-performing unsecured consumer loans. Hoist Finance operates through eleven in-house collection centers across Europe, complemented by local external debt servicing partners. The total carrying value of Hoist Finance’s acquired loans was approximately SEK 11.3 billion as per 31 December 2015. The parent company Hoist Finance AB (publ) is listed on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated “Credit Market Company” under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen ). In Sweden, the company offers internet-based savings deposit services through HoistSpar, with around 85,000 accounts.