Hoist Finance
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STOCKHOLM, July 21, 2021 /PRNewswire/ -- Hoist Finance's second quarter was stable in terms of performance, but with limited growth. The market saw quite a lot of activity, but the competition was very high, leading to high-priced portfolios. The collection performance was solid at 102%. Without one-off effects, profit before tax was SEK 64m.
"We need to focus and improve performance. We are initiating a transformation to accelerate portfolio acquisitions, improve productivity and reduce costs," says Per Anders Fasth, CEO of Hoist Finance.
April - June 2021
Profit/loss before tax totalled SEK 52m (-64)
Profit/loss before tax adjusted for items affecting comparability totalled SEK 64m (-64)