Sweden's Hoist Finance Q2 profit more than doubles on strong collections, portfolio growth

Hoist Finance AB (publ)

24/07/2026 06:13

    

    Overview
  
Sweden asset manager's Q2 pretax profit more than doubled yr/yr on strong collections, portfolio growth
Net income and EPS also rose sharply from a year earlier
Company completed Azzurro Associates acquisition in June

    

    Outlook
  
Company expects continued high investment activity in H2 2026

    

    Result Drivers
  
PORTFOLIO ACQUISITIONS - Co said high investment activity, including SEK 6.1 bln in new portfolios and the Azzurro Associates acquisition, drove results
STRONG COLLECTIONS - Collections reached 108% in Q2, up from 104% a year earlier, contributing to profitability
ONE-TIME ITEMS - Extraordinary VAT refunds boosted profit by SEK 164 mln, partly offset by SEK 33 mln in one-off costs related to the Azzurro acquisition

    
Company press release: ID:nMFNn535Z

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Net Income
 
SEK 474 mln
 
Q2 Pretax Profit
 
SEK 632 mln
 
Q2 ROCE
 
27.50%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for Hoist Finance AB (publ) is SEK193.50, about 11.5% above its July 23 closing price of SEK173.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

    

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July 21 - UK's Arbuthnot Banking H1 pretax profit edges up, raises dividend

    
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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.)