Sweden's Hoist Finance Q3 profit rises
Overview
Sweden non-performing loan manager's Q3 profit before tax and net income rose yr/yr
Company raised profitability and dividend payout targets
Company set new SEK 60 bln investment portfolio target by end-2030
Outlook
Company raises profitability target to return on equity exceeding 20% from over 15%
Company adjusts dividend policy to 30-40% payout ratio, up from 25-30%
Company targets investment portfolio of SEK 60 bln by end-2030
Result Drivers
COLLECTION PERFORMANCE - Co said strong collection performance at 103% supported Q3 results
PORTFOLIO INVESTMENTS - Co invested SEK 1.6 bln in new portfolios, increasing total portfolio to SEK 40 bln
CAPITAL POSITION - Co cited strong capital position and organic capital generation as supporting results
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | SEK 384 mln | ||
Q3 CET1 Capital Ratio | 12.88% | ||
Q3 Pretax Profit | SEK 503 mln | ||
Q3 ROCE | 21.20% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 SEK230.00, about 18.8% above its October 22 closing price of SEK193.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's SEB Q3 net profit falls on muted client activity
Oct 22 - Swedbank Q3 net income slightly beats expectations
Oct 21 - Sweden's Handelsbanken Q3 operating profit below consesus estimates
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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.)