Interim report January-June 2021

Collector AB publishes the interim report for the period January-June 2021.

SECOND QUARTER OF 2021 (COMPARED TO THE SECOND QUARTER OF 2020)

• The loan portfolio amounted to SEK 34,722 million (28,970)
• Total income amounted to SEK 655 million (562) and total income for the period is unadjusted (562)
• Total income and operating profit have been positively affected by seasonality and a revaluation of the investment in the credit fund Cordet, summarizing to c. SEK 42 million in total
• The C/I ratio amounted to 32.1% (40.8) and the C/I ratio for the period is unadjusted (40.8)
• Profit before credit losses amounted to SEK 445 million (332) and profit before credit losses for the period is unadjusted (332)
• The credit loss level amounted to 2.7% (3.2) and the credit loss level for the period is unadjusted (3.2)
• Operating profit amounted to SEK 219 million (102) and operating profit for the period is unadjusted (102)
• Net profit amounted to SEK 171 million (76) and earnings per share amounted to SEK 0.83 (0.37). Net profit for the period is unadjusted (76)
• The CET1 ratio amounted to 13.7% (13.8) and the total capital ratio amounted to 15.6% (15.9)

JANUARY-JUNE 2021 (COMPARED TO JANUARY-JUNE 2020)

•  The loan portfolio amounted to SEK 34,722 million (28,970)
• Total income amounted to SEK 1,256 million (1,036) and adjusted total income amounted to SEK 1,235 million (1,036)
• The C/I ratio amounted to 32.9% (43.5) and the adjusted C/I ratio amounted to 33.4% (42.1)
• Profit before credit losses amounted to SEK 843 million (585) and adjusted profit before credit losses amounted to SEK 822 million (600)
• The credit loss level amounted to 2.7% (3.0) and the credit loss level for the period is unadjusted (2.6)
• Operating profit amounted to SEK 392 million (146) and adjusted operating profit amounted to SEK 372 million (211)
• Net profit amounted to SEK 307 million (107) and earnings per share amounted to SEK 1.50 (0.69). Adjusted net profit amounted to SEK 288 million (158)
• The CET1 ratio amounted to 13.7% (13.8) and the total capital ratio amounted to 15.6% (15.9)

SIGNIFICANT EVENTS DURING THE PERIOD

• Collector Bank issued a senior unsecured bond of SEK 400 million
• New segment reporting in which the business is presented in four main operating segments, see note K3 in the interim report

NEW SEGMENT REPORTING

Collector presents a new segment reporting in connection with the release of this interim report. The purpose is to increase transparency, financial understanding of the different business areas and to better reflect internal reporting. Following the new segment reporting, the number of reported segments has increased and more key figures have been shared for each segment.

New segments:

• Corporate: Includes the products factoring and corporate lending
• Real estate: Includes the product real estate lending
• Consumer: Includes the products personal loans and credit cards
• Payments: Includes the product payments
• Other: Includes the products purchased debt portfolios (run-off) and mortgages (run-off) as well as overhead and eliminations

Historical financial development for the new segments is available on Collector’s website https://www.collector.se/en/aboutcollector/investors/financial-information/.

A conference call will be held in Swedish on 15 July 2021 at 10:30 a.m. (CET), during which CEO Martin Nossman and CFO Peter Olsson will present the report. The presentation will be followed by a Q&A session. To participate in the conference call, dial +46 856 642 704 or +44 3333 009 260. The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q2-2021.

The presentation material will be available in English and published in connection with the conference call on www.collector.se/en/, where the recorded version of the webcast will be available afterwards.

For more information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: peter.olsson@collectorbank.se

Madeleine Mörch, Finance & IR Manager
Phone: +46 73 712 04 52
E-mail: madeleine.morch@collectorbank.se

This is information that Collector AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, on 15 July 2021 at 07:30 a.m. CET.
 

Collector specializes in financing solutions for corporates and private individuals, with particular focus on small and medium-sized companies. We are the corporates' complement to larger traditional banks. The corporate offering includes real estate lending, corporate lending and factoring as well as payment solutions. Our services for private individuals include personal loans, invoice and payment by instalment services, credit cards and deposit accounts. The company has offices in Gothenburg (headquarters), Stockholm, Helsinki and Oslo. Collector AB (publ) is listed on Nasdaq Stockholm.

Collector AB (publ) 556560-0797 | Box 119 14, SE-404 39 Gothenburg | Switchboard +46 10-161 00 00 | E-mail info@collectorbank.se | www.collector.se/en/