Hoist Finance provisions for tax risk and provides Q2 update
Due to recent correspondence with the Swedish Tax Agency concerning an ongoing tax audit regarding cross-jurisdictional allocation of profits, Hoist Finance has decided to provision for a potential tax risk. The audit has resulted in a negative advance notice from the Tax Agency with regards to a legacy setup established in 2014 for Polish assets. The process is in an early stage, but Hoist Finance has decided to provision for a potential unfavorable decision by the court. The negative impact on the Q2 result is estimated at around SEK -100m. “We believe that we have made a correct