Q4 result 2018, Avida Holding AB (publ)

Stockholm, 2019-02-22, 13.00 CET

For Avida, 2018 meant a strong growth on both the consumer and the corporate side in all markets. The total loan portfolio grew by 86 percent to SEK 5,329 million during the year, and Avida reported a pre-tax profit of SEK 83,1 million.

Fourth quarter highlights

• Continued strong growth momentum, which further accelerated in the last quarter. Loans outstanding grew by 86% vs last year, equivalent to a growth by SEK 2,471 m. Total outstanding balances recorded at SEK 5,329 SEK

• The QoQ growth totalled SEK 647 m 

• Total income for the year amounted to SEK 430.5 m, a growth by 37 percent vs last year. Operating cost totalled SEK 250.7 m, growing 19 percent vs last year, proving the scalability of the business

• Provisions for credit losses have increased, mainly driven by IFRS 9 effects resulting from growth in new loans. Actual losses remain stable. Under IFRS 9, growth equals loan loss provisions and thus has a significant accounting effect on companies with high growth 

• Avida successfully issued a Tier 2 bond of SEK 250 m during the quarter, showing the credibility Avida has in the capital market. This together with the equity injection in Q3 of SEK 160 m strengthened and optimized the capital base for further growth

• The strategy of building a well diversified portfolio between Consumer Finance and Business Finance in all markets remains and is more relevant than ever

Consumer Finance

• We are currently experiencing strong growth in the segment. During the quarter outstanding loans ended at SEK 4,080 m, a year on year growth of 77 percent

• Total income amounted to SEK 285.1 m for the year and SEK 82.1 m for the quarter, a growth by 12 percent quarter on quarter


Business Finance

• Volumes outstanding ended at SEK 1,249 m, a growth of 125 percent year on year. Volumes in the quarter remained flat due to normal seasonal effects in the factoring book and the final phase-out of the legacy B2C clients

• Total income amounted to SEK 145.4 m for the year and SEK 37.5 m in the quarter, in line with previous quarter


Read year end report in the enclosed file (Swedish)



For further information please contact:

Tord Topsholm, CEO at Avida, Telephone: +46 72-402 44 35. E-mail: tord.topsholm@avida.se

Pehr Olofsson, CFO at Avida, Telephone: +46 72-402 44 94, E-mail: pehr.olofsson@avida.se


About Avida

Avida offer businesses and consumers financial services through smart and simple solutions. Avida aim to create a high level of customer satisfaction by using innovative thinking, cutting edge technical know-how and attracting dedicated, skilled and experienced employees. 

About Us

Avida is a credit market company that since the start in 1983 has focused on offering loans to individuals and corporates. We are currently about 115 employees, with headquarters in Stockholm and offices in Oslo and Helsinki. We are building a high growth and high-quality business that will not tail off in growth are we have a growth target of SEK10bn loan book by 2020. At Avida we are not like everybody else in this business, we will always go that extra mile to help our customers turn their plans into reality and we promise that we always give our customer the proper attention and the chance to get the financing they need. Avida is under the supervision of the Swedish Financial Supervisory Authority and our share is listed on NOTC, Oslo stock exchange and like all Swedish banks and credit market companies, we are covered by the state deposit insurance.