Interim report Q3 2020

Interim report Q3 2020

PR Newswire

STOCKHOLM, Oct. 30, 2020

STOCKHOLM, Oct. 30, 2020 /PRNewswire/ --

"All markets have improved since the previous quarter and the total collection performance was 108% in the third quarter. In addition, the strong cash generation and strenghthened core capital proves the resiliance of our business model. Having made significant investments in the cost savings programme, the actual savings are now starting to materialise. Moreover, the focus on our customers and digital has continued. This quarter we launched a new platform to support customers in managing their finances, and we have recruited a Chief Digital Officer to the Executive Management Team. I am happy to see performance improving in the quarter, but we are mindful of the uncertainties from the second wave of Covid-19 and new potential lockdowns in our markets," says Klaus-Anders Nysteen, Hoist Finance CEO.

July - September 2020           

Figures in brackets refer to the third quarter of 2019 for profit comparisons and to the 31 December 2019 closing balance for balance sheet items.

Events during the quarter:           

Subsequent events:           

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 07:30 A.M. CET on 30 October 2020.

A teleconference for Investors, Analysts and Press will be held at 09:30 AM CET. To listen in to the conference live, please dial:
SE: +46850558359 UK: +443333009265 US: +18335268398

The presentation will be held in English and can also be followed live at: https://tv.streamfabriken.com/hoist-finance-q3-2020

CONTACT:

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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hoist-finance/r/interim-report-q3-2020,c3228241

The following files are available for download:

https://mb.cision.com/Main/8270/3228241/1328141.pdf

Hoist Finance Q3 report ENG

 

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