Hoist Finance releases part of tax provision

On 8 July 2021, Hoist Finance informed in a press release about a tax matter concerning cross border allocation of profits. On 22 December 2022, the Swedish Tax Agency issued its decision on the matter. The decision includes an obligation on Hoist Finance to pay an additional amount of taxes that is less than the amount proposed in a preliminary decision by the Tax Agency in 2021. Hoist Finance will appeal the decision to the administrative court. The decision entails Hoist Finance to release SEK 78m of tax provisions. The release will affect the profit after tax in the fourth quarter 2022.

For more information, please contact:
Ingrid Östhols, Head of Communications & Investor Relations
Telephone: +46 72 506 1423
E-mail: ir@hoistfinance.com

This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:50 CET on 23 December 2022.

About Hoist Finance

Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With almost 1500 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.