Hoist Finance Announces Second Quarter Financial Results
- Gross cash collections in January - June 2014 totalled SEK 1,151 million, an increase of 75 per cent compared to January - June 2013 (SEK 657 million).
- Total revenue in January - June 2014 was SEK 759 million (SEK 490 million adj. for revaluations), up 55 per cent on the first half of 2013.
- EBIT totalled SEK 253 million in January - June 2014, corresponding to an EBIT margin of 33 per cent. In January - June 2013, EBIT totalled SEK 138 million with a corresponding EBIT margin of 28 per cent.
- Portfolio acquisitions of SEK 1,330 million in January - June 2014, an increase of 30 per cent relative to the same period in 2013.
- Carrying value as at 30 June 2014 of SEK 7,386 million (SEK 4,450 million as at 30 June 2013).
- Gross 120 month ERC on acquired loan portfolios of SEK 12,182 million as at 30 June 2014 (SEK 7,298 million as at 30 June 2013).
- Cash flow from operating activities totalled SEK -1,822 million in January - June 2014 (SEK 1,839 million in January - June 2013).
- Total capital ratio of 13.24 per cent of REA as of 30 June 2014 (12.94 per cent as at 30 June 2013).
- Private placement to Toscafund of SEK 333 million in May.
For further information, please contact:
Jörgen Olsson, CEO Hoist Finance
Jane Niedra, IR Hoist Finance
Contact details:
Phone +46 (0)8 55 51 77 90
Email: jane.niedra@hoistfinance.com
The information above has been published pursuant to the Swedish Securities Markets Act (Sw. lag om värdepappersmarknaden).
This information was released for publication at 8.00 on 24 July 2014.