Correction of understated ERC in Hoist Finance interim report Q1 2024
A correction has been made in the interim report published by Hoist Finance AB (publ) on 3 May at 7:30 CEST.In Hoist Finance's interim report for the first quarter of 2024, the key ratio ERC (Estimated Remaining Collections) was incorrectly stated to amount to SEK 39,284 million (the key ratio appeared on pages 1 and 8 in the key ratio tables). The correct amount should be SEK 42,487 million. ERC is a forward-looking measure of the company's best estimate of how much cash flow that will be generated from the total portfolio over the remainder of its life. A higher figure is generally