"
Key highlights for the fourth quarter
Profit before tax amounted to
SEK 265 million , compared toSEK 5 million for the same quarter last yearReturn on equity amounted to 12 per cent. Adjusted for normalised capital levels, the return on equity was 15 per cent1)
Strong capital and liquidity position, significantly above regulatory requirements with a CET1 ratio of 13.89 per cent
Collection performance came in at 105 per cent, meaning we have generated five per cent higher cash flows than forecasted on our portfolios
Investments in new portfolios totalled
SEK 2.4bn in the fourth quarterMoody's confirmed the company's Baa3 senior unsecured ratings and changed the outlook to positive from negative
Launch of HoistSpar in
Poland , expanding the European deposit base and enabling increased currency matching between the asset and liability sideThe agreement on the banking package, containing the possibility of "Specialized Debt Restructurer", was formally signed by the
Council of the European Union (Coreper) and expected ratification by theEuropean Parliament will take place in April. The package contains a possibility for an exemption to the backstop regulations for banks that meet the set criteria
1) To illustrate the development in the underlying business, the comparison quarters 2022 are adjusted for the divested
Key figures October - December
Total operating income amounted to
SEK 933m (652)Profit before tax totalled
SEK 265m (5)Adjusted profit before tax was
SEK 265m (5)Profit for the period was
SEK 187m (255)Basic and diluted earnings per share amounted to
SEK 1.82 (0.19)Return on equity was 12% (20)
Normalised return on equity was 15% (-1)
Book value of acquired loan portfolios totalled
SEK 2,365m (2,767)The CET1 ratio per
December 31 st was 13.89% (15.85)
Key figures full-year 2023
Total operating income amounted to
SEK 3,518m (2,613)Profit before tax totalled
SEK 869m (490)Adjusted profit before tax was
SEK 1,020m (345)Profit for the period was
SEK 711m (801)Basic and diluted earnings per share amounted to
SEK 6.26 (3.55)Return on equity was 12% (17)
Normalised return on equity was 17% (7)
Book value of acquired loan portfolios totalled
SEK 7,089m (6,928)The CET1 ratio per
December 31 st was 13.89% (15.85)
As the Board of Directors has decided to carry out a share repurchase corresponding to a maximum of
A combined presentation and teleconference will be held at
If you wish to participate via webcast, please use the link below.
https://ir.financialhearings.com/hoist-finance-q4-report-2023
If you wish to participate via teleconference, please register on the link below. After registration you will be provided a phone number and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=5009558
The presentation and the report will be available on www.hoistfinance.com after the publication.
For further information please contact:
ir@hoistfinance.com
+46 8 55 51 77 90
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