Interim report January-September 2019
THIRD QUARTER 2019 (COMPARED TO THE THIRD QUARTER OF 2018)
• The loan portfolio increased by 32% to SEK 30,577 million (23,124)
• Total income increased by 21% to SEK 544 million (450)
• The C/I ratio amounted to 41.5% (43.4)
• The credit loss level amounted to 1.4% (1.1)
• Net profit increased by 7% to SEK 164 million (153)
• Return on equity amounted to 16.9% (18.9)
• Earnings per share amounted to SEK 1.60 (1.49)
JANUARY–SEPTEMBER 2019 (COMPARED TO JANUARY–SEPTEMBER 2018)
• The loan portfolio increased by 32% to SEK 30,577 million (23,124)
• Total income increased by 20% to SEK 1,590 million (1,321)
• The C/I ratio amounted to 42.4% (46.8)
• The credit loss level amounted to 1.4% (1.1)
• Net profit increased by 17% to SEK 481 million (412)
• Return on equity amounted to 17.2% (17.2)
• Earnings per share amounted to SEK 4.68 (4.01)
EVENTS AFTER THE END OF THE PERIOD
On 8 October 2019 Collector AB entered into an agreement to divest its shares in Colligent Inkasso AB, the entity operating Collector's Swedish third-party debt collection business, for a cash consideration of SEK 240 million on a cash and debt free basis. The transaction is expected to close during the fourth quarter 2019.
Please find more information at https://www.collector.se/en/about-collector/investors/financial-information/
A live conference call will be held in Swedish on 24 October 2019 at 09:00 a.m. (CET), during which CEO Martin Nossman and CFO Peter Olsson will present the report. The presentation will be followed by a Q&A session. To participate in the conference call, please dial +46 856 642 695 or +44 3333 009 268. The switchboard opens at 08:55 (CET). The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q3-2019.
The presentation material will be prepared in English and be available prior to the presentation on our website www.collector.se/en/, where a recorded version of the presentation will also be available afterwards.
For further information, please contact:
Madeleine Mörch, Finance & IR Manager
Telephone: +46 73 712 04 52
E-mail: madeleine.morch@collectorbank.se
This is information that Collector AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 24 October 2019 at 08:15 a.m. CET.
Press contacts
Head of IR & Communications
Lilla Bommens Torg 11
411 04 Göteborg
About Collector Bank
Collector is a listed bank that specializes in financing solutions for corporates and private individuals, with particular focus on small and medium-sized companies. Read more about Collector