Norway's B2 Impact Q2 profit boosted by higher unsecured collections
Norway's B2 Impact Q2 profit boosted by higher unsecured collections
Overview
Norway debt management firm's Q2 adjusted EPS rose 21% yr/yr to NOK 0.66
Adjusted net profit for Q2 increased to NOK 246 mln
Cash collections and revenues up, driven by higher unsecured collections
Outlook
B2 Impact raises 2026 EPS target to at least NOK 2.25 from NOK 2.10
Company lifts 2026 ROE target to ~16% from 14%
B2 Impact increases 2026 investment target to at least NOK 4 bln from NOK 3.5 bln
Result Drivers
UNSECURED COLLECTIONS - Higher unsecured collections drove increases in cash collections and revenues, offsetting lower secured collections
PORTFOLIO INVESTMENTS - Q2 investments were mainly in unsecured portfolios, with secured assets acquired through a JV partner buyout
FUNDING STRUCTURE - Solid and diversified funding structure supported growth and maintained low leverage
Company press release: ID:nMFN9NxYVx
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS |
| NOK 0.66 |
|
Q2 EPS |
| NOK 0.66 |
|
Q2 Adjusted Net Income |
| NOK 246 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for B2 Impact ASA is NOK27.65, about 10.6% above its August 19 closing price of NOK25.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)