Sweden's Hoist Finance Q1 pretax profit rises 19%

Hoist Finance AB (publ)

06/05/2026 06:21

Overview

Sweden asset manager's Q1 pretax profit rose yr/yr to SEK 394 mln

Net income for Q1 increased to SEK 337 mln from SEK 260 mln yr/yr

Company agreed to acquire UK debt purchaser Azzurro Associates, expanding European presence

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

COLLECTION PERFORMANCE - Co reported collection performance of 105%, up from 103% in the same qtr last yr

PORTFOLIO INVESTMENTS - Investments in new portfolios totaled SEK 2.0 bln in the qtr, increasing total investment portfolio to SEK 34.4 bln

COST CONTROL - Underlying direct costs grew in line with the investment portfolio and indirect costs remained stable, despite SEK 25 mln of one-off acquisition costs

Company press release: ID:nMFN96xF5k

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
SEK 337 mln
Q1 CET1 Capital Ratio
13.86%
Q1 Pretax Profit
SEK 394 mln
Q1 ROCE
19.50%


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 SEK165.00, about 16.4% above its May 5 closing price of SEK141.70

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)