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HOFI — Hoist Finance AB (publ) News Story

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Sweden's Hoist Finance Q4 pretax profit rises on record collection performance

Overview

Swedish asset manager's Q4 pretax profit rose yr/yr

Company invested SEK 4 bln in new debt portfolios, achieving record collection performance

Company announced SDR status, enhancing investment capacity

Outlook

Hoist Finance aims to increase yearly investment pace, leveraging SDR status

Company focuses on attractive returns for future investments

Hoist Finance emphasizes tight cost control for future operations

Result Drivers

PORTFOLIO INVESTMENTS - Co invested SEK 4 bln in new debt portfolios, increasing total investment portfolio to SEK 33.4 bln

COLLECTION PERFORMANCE - Record collection performance of 108%, indicating stable underlying portfolio value

SDR STATUS - Achieved SDR status, enhancing investment capacity and allowing dissolution of capital provisions

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net IncomeSEK 361 mln
Q4 CET1 Capital Ratio10.80%
Q4 Pretax ProfitSEK 492 mln
Q4 ROCE21.80%
Analyst Coverage The current average analyst rating on the shares is "strong 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 consumer lending peer group is "buy." Wall Street's median 12-month price target for Hoist Finance AB (publ) is SEK122.50, about 1.6% above its February 5 closing price of SEK120.60 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: ID:nMFN2zl3WK 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.)

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