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Avida Finans AB publishes Interim report for the period January–March 2025.

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Transforming operations to build efficiency and scalability

Avida’s transformation, which began in 2024, continued with full focus during the first quarter of 2025. The goal is to create a scalable and cost-efficient operation.

"We are in a necessary phase of transformation. It’s about creating a more efficient organization while building for the future. Through structural changes and investments in technology, we are now laying the foundation for long-term competitiveness and profitability," says Mikael Johansson, CEO of Avida.

Since the beginning of the year, integration has been underway of the credit card and sales financing operations acquired at year-end. The portfolio includes approximately 450,000 customers and an outstanding volume of SEK 3.5 billion. Credit cards are now part of Avida’s core offering, while the focus on consumer loans has decreased.

Avida also sees continued growth potential in the corporate segment, where new agreements and pilot projects contribute to a broader business base. Improvements in customer management, digital channels, and increased automation have already delivered positive results.

"We are now building a company equipped for the future. By increasing efficiency, ensuring strong leadership, and implementing the right technical solutions, we are creating the conditions for a return to profitability," says Mikael Johansson.

First quarter 2025 (compared to first quarter 2024)

  • The loan portfolio has increased 11,240.1 MSEK (10,545.4 MSEK).
  • Net interest income amounted to 324.8 MSEK (172.7 MSEK).
  • Credit losses amounted to 206.2 MSEK. (131.7 MSEK).
  • Operating profit was minus 57,6 MSEK (minus 68,2 MSEK).
  • The C / I ratio was 0.55 (0.64).
  • The total capital ratio was 13.78 % (12.48 %).
  • Return on equity was negative (negative).

First quarter 2025 (compared to fourth quarter 2024)

  • The loan portfolio amounted to 11,240.1 MSEK (12,283.5 MSEK).
  • Net interest income amounted to 324.8 MSEK (171.2 MSEK).
  • Credit losses amounted to 206,2 MSEK. (156,4 MSEK).
  • Operating profit amounted to minus 57,6 MSEK (minus 507,8 MSEK).
  • The cost/income ratio amounted to 0.55 (0.84).
  • The total capital ratio amounted to 13.78 % (12.75 %).
  • Return on equity was negative (negative).

Presentation of the Interim Report
Mikael Johansson, CEO, and Lennart Erlandson, CFO, will present Avida's Interim Report and answer questions during a digital meeting held on May 27 at 11:00 (CET). Join the meeting via this Teams link. No pre-registration required.

This disclosure contains information that Avida Finans AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-05-2025 08:30 CET.

For further information, please contact:
Lennart Erlandson, CFO, phone: +46 72 402 44 82, email: lennart.erlandson@avida.se 
Michael Grosche, Head of Communication and Investor Relations, phone: +46 70 307 29 36, email: michael.grosche@avida.se 

About Avida

Avida is a specialist in consumer and SME financing, aiming to provide seamless customer experience, both digitally and personally. 

We are on a transformative and exciting journey in Avida. September 18, 2024, we entered into an agreement to acquire the performing Swedish and Norwegian credit card business of Santander Consumer Bank AS, as well as the sales financing business that Santander Consumer Bank currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden. The acquired business adds from January 1, 2025, approximately 450 000 new private customers. 

Avida has headquarters in Stockholm and offices in Oslo, Helsinki and Stavanger. 

Avida is supervised by the Swedish Financial Supervisory Authority. 

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