Hoist Finance has received a positive tax ruling

As previously announced, on 12 October 2017 Hoist Finance AB (publ)’s subsidiary Hoist Finance Services AB (“Hoist Finance” or “Company”) received a ruling from the Administrative Court in a tax case. According to the ruling, the Company was not allowed to deduct tax losses carried forward for the fiscal years 2012-2014. The Company was therefore charged with additional tax and tax penalties of approximately MSEK 44.

Hoist Finance appealed the ruling to the Administrative Court of Appeal which today overturned the ruling of the Administrative Court. The Company is hence allowed to deduct tax losses carried forward for the fiscal years 2012-2014 and will not be imposed the tax and tax penalties of approximately MSEK 44.

This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication by Andreas Lindblom at 02:00 P.M. CET on 2 December 2019.

For further information, please contact:
Andreas Lindblom, Head of Investor Relations
Telephone: +46 (0) 72 506 14 22

About Hoist Finance

Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With over 1600 dedicated colleagues, smart digital solutions and a deep understanding of individual financial circumstances, we help over six million customers keep their commitments. This is achieved by agreeing on sustainable repayment plans so that everyone is included within the financial ecosystem. Hoist Finance has a diverse portfolio of asset classes and our online savings platform in Sweden and Germany enables our unique funding model. Hoist Finance was founded in 1994 and is today a public company listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.