English

Year-end report 2019

Report this content

 

We finished 2019 on a high note when making the fourth quarter the strongest quarter ever on acquisitions, including our single largest portfolio investment. Hoist Finance is now the market leader in the secured NPL segment in France, an asset class that is becoming increasingly important. We have also made substantial progress in a number of other areas such as the completion of the first-ever investment grade rated Italian securitisation backed by unsecured NPLs, as well as a number of rollouts in our strategy to become the digital leader in our industry.

“2019 was truly a year of execution. Having proven that we can deliver on our strategy in a rather turmoil environment tells me that we are on the right track. We have put in place structures that protect our unique access to low cost funding and I feel confident that we will take important steps forward to improve our operations while maintaining our focus of helping people keep their commitments. We are starting 2020 with both confidence and optimism.” - Klaus-Anders Nysteen, Hoist Finance CEO

October – December 2019

  • Total operating income amounted to SEK 768m (766).

  • Items affecting comparability before tax totalled SEK –47m and are attributable to securitisation expenses and to start-up expenses related to IT outsourcing.

  • Profit before tax totalled SEK 147m (186). 

  • Profit before tax excluding items affecting comparability totalled SEK 194m (210).

  • Basic and diluted earnings per share amounted to SEK 1.07 (1.59).

  • Return on equity was 9 per cent (16). 

  • Return on equity excluding items affecting comparability was 12 per cent (18).

  • Carrying value of acquired loans totalled SEK 24,303m (20,605).

  • The total capital ratio was 14.01 per cent (14.14) and the CET1 ratio was 9.94 per cent (9.66).

 Figures in brackets refer to the fourth quarter of 2018 for profit comparisons and to the 31 December 2018 closing balance for balance sheet items.

 Events during the quarter

  • Hoist Finance completed landmark transaction when closing the first-ever Italian investment grade rated securitisation backed by unsecured NPLs. 

  • Largest ever portfolio investment completed in France. This clearly positions Hoist Finance as the leader within the secured segment in a very promising market.

  • Continued progress in ambition to become the digital leader.  The ability to interact and make payments via WhatsApp in Italy and RCS in the UK are two examples of digital developments during the quarter.

 

The information in this interim report has been published by Hoist Finance AB (publ) pursuant to the EU Market Abuse Regulation. This information was submitted by Andreas Lindblom for publication on 12 February 2020 at 7:30 AM CET.

A teleconference for Investors, Analysts and media will be held at 09.30 AM CET. To listen in to the conference live, please dial:
SE: +46850558353 UK: +443333009263 US: +18335268381
The presentation will be held in English and can also be followed live at: https://financialhearings.com/event/12431.

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.  

Subscribe

Documents & Links