Interim report January–June 2019
Gothenburg, Sweden – Collector AB (publ) (Nasdaq Stockholm: COLL)
SECOND QUARTER (COMPARED WITH THE SECOND QUARTER OF 2018)
• Revenue increased by 27% to SEK 706 million (556)
• Earnings after tax (EAT) increased by 8% to SEK 159 million (147)
• Return on equity (RoE) was 17.7% (17.7)
• Earnings per share were SEK 1.55 (1.43)
• Good volume growth in the credit portfolio, which amounts to SEK 29,533 million (21,535), up 37%
• Continued strong growth for Factoring and Company Credits, as well as Payments
• Stable credit loss level of 1.5% (1.1)*
*The increase is due to provisions made at the end of 2018 according to IFRS 9. Adjusted result is 1.2%
JANUARY–JUNE 2019 (COMPARED WITH JANUARY–JUNE 2018)
• Revenue increased by 28 % to SEK 1,368 million (1,068)
• Earnings after tax (EAT) increased by 22 % to SEK 316 million (259)
• Return on equity (RoE) was 17.7% (17.7)
• Earnings per share were SEK 3.08 (2.52)
• Continued good volume growth in the credit portfolio SEK 29,533 million (21,535), up 37%
• Stable credit loss level of 1.5% (1.1)*
*The increase is due to provisions made at the end of 2018 according to IFRS 9. Adjusted result is 1.2%
Read more at https://www.collector.se/om-collector/investerare/finansiell-information/
A telephone conference will be held in Swedish today, 18 July, at. 10:00 a.m. CET, at which CEO Martin Nossman will present the report. The presentation will be followed by an opportunity to ask questions.
To participate in the telephone conference, please dial in on +46 850 558 364 or +44 3333 009 268. The switchboard opens at 9:55 a.m. CET. The presentation will be held in Swedish.
You can follow the presentation and listen in live via https://tv.streamfabriken.com/collector-q2-2019
Prior to the presentation, the presentation materials will be available at www.collector.se where a recorded version of the presentation will also be available afterwards.
For further information:
Martin Nossman, CEO, by telephone on +46 703 30 26 75, or by e-mail at martin.nossman@collectorbank.se
This information is such information that Collector AB is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was issued for publication by the above contact persons on 18 July 2019 at 8:15 a.m. CET. Stock exchange: Ticker symbol COLL
Collector is a leading digital niche bank that develops financial solutions for private and corporate customers. In the Retail segment, the Company is engaged in lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit card services, financial apps and deposits. The Corporate segment includes payment solutions for e-commerce and stores, factoring and company credits, property finance, and debt collection on behalf of customers (assignment debt collection). The Group consists of the parent company Collector AB (publ), wholly owned subsidiary Collector Bank AB, where the main business is conducted, Colligent Inkasso AB and Colligent Inkasso AS with business services and debt collection, Collector Payments AB and Collector Payments Finland OY where parts of the payments business are conducted, and Collector Ventures with investments in Fintech. The company has offices in Gothenburg (head office), Stockholm, Helsinki, Turku and Oslo. Collector is listed on Nasdaq Stockholm.
Collector AB (publ) 556560-0797 | P.O. Box 119 14, 404 39 Gothenburg, Sweden | Switchboard +46 10-161 00 00 | E-mail: info@collector.se | www.collector.se
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