Sweden fintech investor VEF posts Q3 net loss 

By Reuters News


Overview

  • Sweden fintech investor's NAV in USD fell 1% yr/yr and 1% qtr/qtr

  • Company reported a net loss for Q3 and 9M26, compared to profit last year

  • Company completed deleveraging, shifting focus to share buybacks


Outlook

  • Company shifts capital allocation focus from debt repayment to share buybacks

  • Company says deleveraging phase is complete and sees opportunities for further fintech investments


Result Drivers

  • CREDITAS GROWTH - Creditas delivered accelerating loan portfolio and revenue growth, aided by efficiency gains from AI and reduced headcount

  • ABHI PERFORMANCE - Abhi surpassed USD 100 mln ARR and is nearing IPO, contributing to portfolio growth

  • OPERATIONAL LEVERAGE - Lower headcount and record-low customer acquisition costs improved operational leverage


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$4.50 mln

9M Net Loss

$32.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."

  • Wall Street's median 12-month price target for Vef AB (publ) is SEK2.90, about 49% above its October 20 closing price of SEK1.95


Reuters Recommended Reads

  • Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr

  • Oct 18 - Hedge funds bet Japan reforms have further to run at Sohn Tokyo

  • Oct 19 - KKR charged with misleading EU regulators over Telecom Italia network deal


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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