Year-end Report 2013

Fri, Feb 21, 2014 08:00 CET

Fourth quarter 2013

Gross cash collections of SEK 519 million (SEK 241 million), up 115 per cent compared to the fourth quarter of 2012.
Total revenue was SEK 226 million (SEK 114 million), an increase of 148 per cent.
EBIT (earnings before interest and taxes) totalled SEK 127 million (SEK 22 million) corresponding to an EBIT margin of 26 per cent (10 per cent).
Portfolio acquisitions of SEK 1,279 million (SEK 1,094 million), an increase of 17 per cent compared to the same period in 2012.
Cash flow from operating activities totalled SEK -631 million (SEK 420 million).
Issue of SEK 750 million in senior unsecured bonds in December.

Full year 2013

Gross cash collections totalled SEK 1,641 million, an increase of 85 per cent compared to 2012 (SEK 887 million).
Total revenue was SEK 1,281 million (SEK 643 million), up 99 per cent on 2012.
EBIT for the year totalled SEK 334 million, corresponding to an EBIT margin of 26 per cent. In 2012, EBIT totalled SEK 151 million with a corresponding EBIT margin of 24 per cent.
Portfolio acquisitions of SEK 3,267 million, an increase of 62 per cent relative to 2012.
Carrying value at year-end of SEK 5,998 million (SEK 3,364 million), corresponding to Gross 120 month ERC (estimated remaining collections) of SEK 10,673 million (SEK 6,660 million).
Cash flow from operating activities totalled SEK 1,275 million (SEK 461 million).
SEK 350 million in subordinated loans issued in September. The bonds were listed on NASDAQ OMX in October.
SEK 750 million in senior unsecured loans issued in December. The bonds were listed on NASDAQ OMX in January 2014.
Capital quota of 1.44 (corresponding to 11.62 per cent of REA) as of 31 December 2013 (1.22 and 9.75 per cent of REA as of 31 December 2012).

For further information, please contact: 

Jörgen Olsson, CEO Hoist Finance

 Jane Niedra, IR Hoist Finance

Contact details: Phone +46 (0)8 55 51 77 90 

Email: jane.niedra@hoistfinance.com