STOCKHOLM, Feb. 9, 2021
STOCKHOLM, Feb. 9, 2021 /PRNewswire/ -- "Hoist Finance presents continued strong cash generation in the fourth quarter. Our digital efforts are showing, as we are on a record high 20 per cent all-digital collection rate. As a result of continued uncertainty caused by the pandemic, we have taken a prudent approach to valuation of portfolios, resulting in negative forward-looking impairments of SEK -49m. Looking forward, thanks to our solid capital and funding position, we are ready for growth in the increasingly positive market outlook for NPLs. Our purchasing capabilities is further strengthened by taking the next step in our securitisation programme together with Magnetar Capital. We are looking forward to a 2021 in which we will see positive effects from many of our improvement initiatives where implementation has started, and with benefits to come," says Klaus-Anders Nysteen, Hoist Finance CEO.
October - December 2020
Figures in brackets refer to the fourth quarter of 2019 for profit comparisons and to the 31 December 2019 closing balance for balance sheet items.
Events during the quarter:
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 9 February 2021.
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: + 46850558352 UK: + 443333009263 US: + 18338230589
The presentation will be held in English and can also be followed live at: https://tv.streamfabriken.com/hoist-finance-q4-2020.
For further information, please contact:
Andreas Lindblom, Head of Investor Relations
Telephone: +46 (0) 72 506 14 22
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The following files are available for download:
Interim Report Q42020