Interim report January–June 2019
SECOND QUARTER (COMPARED WITH THE SECOND QUARTER OF 2018)
• Revenue increased by 27% to SEK 706 million (556)
• Earnings after tax (EAT) increased by 8% to SEK 159 million (147)
• Return on equity (RoE) was 17.7% (17.7)
• Earnings per share were SEK 1.55 (1.43)
• Good volume growth in the credit portfolio, which amounts to SEK 29,533 million (21,535), up 37%
• Continued strong growth for Factoring and Company Credits, as well as Payments
• Stable credit loss level of 1.5% (1.1)*
*The increase is due to provisions made at the end of 2018 according to IFRS 9. Adjusted result is 1.2%
JANUARY–JUNE 2019 (COMPARED WITH JANUARY–JUNE 2018)
• Revenue increased by 28 % to SEK 1,368 million (1,068)
• Earnings after tax (EAT) increased by 22 % to SEK 316 million (259)
• Return on equity (RoE) was 17.7% (17.7)
• Earnings per share were SEK 3.08 (2.52)
• Continued good volume growth in the credit portfolio SEK 29,533 million (21,535), up 37%
• Stable credit loss level of 1.5% (1.1)*
*The increase is due to provisions made at the end of 2018 according to IFRS 9. Adjusted result is 1.2%
Read more at https://www.collector.se/om-collector/investerare/finansiell-information/
A telephone conference will be held in Swedish today, 18 July, at. 10:00 a.m. CET, at which CEO Martin Nossman will present the report. The presentation will be followed by an opportunity to ask questions.
To participate in the telephone conference, please dial in on +46 850 558 364 or +44 3333 009 268. The switchboard opens at 9:55 a.m. CET. The presentation will be held in Swedish.
You can follow the presentation and listen in live via https://tv.streamfabriken.com/collector-q2-2019
Prior to the presentation, the presentation materials will be available at www.collector.se where a recorded version of the presentation will also be available afterwards.
For further information:
Martin Nossman, CEO, by telephone on +46 703 30 26 75, or by e-mail at martin.nossman@collectorbank.se
This information is such information that Collector AB is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was issued for publication by the above contact persons on 18 July 2019 at 8:15 a.m. CET. Stock exchange: Ticker symbol COLL
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