Q4 2024 Hoist Finance AB (publ) Earnings Call Transcript
Key Points
- Hoist Finance AB (FRA:4HF) achieved a record investment year in 2024, with nearly 11 billion SEK invested, marking the highest in its history.
- The company reported a strong return on equity of 16.8% for the year, driven primarily by core business activities.
- Net interest income grew by 36% year-over-year, supported by a 26% growth in the investment portfolio.
- The company's collection performance was robust, achieving 105% for the year, indicating effective portfolio management.
- Hoist Finance AB (FRA:4HF) maintained a strong capital and liquidity position, with a liquidity reserve significantly above regulatory limits.
- The company faced regulatory uncertainty regarding its STR status, leading to a delay in notification.
- Hoist Finance AB (FRA:4HF) incurred significant one-off costs, including restructuring expenses in Spain and divestment costs in Italy.
- There was a notable increase in underlying costs, partly due to high inflation in certain geographies.
- The company had to adjust its accounting model for SPVs, impacting prior years' financials.
- Despite strong performance, the company faces challenges in maintaining its growth trajectory without clarity on STR status.
Thank you very much. Good morning, everyone and welcome to this hoist finance earnings call for the fourth quarter and full year of 2024.
I'm Harry Vranjes CEO of Voice Finance. And next to me, I have Christian Wallentin, our CFO and Karin Tyche, our Chief Investor Relations and Comms Officer.
So, thank you all very much for, for calling in and for your interest in voice finance. We will try to run through the presentation today in 30 minutes to leave ample room for, for any questions you may have. And before we dive into the material, let me just take you through a little bit where we are and what the market is looking like.
So, the MPL market in Europe is still very active and there is still quite some movement also in the industry as a whole. So many players are, are finding their strategic strategies and, and strategic positions in this new landscape. And just to reiterate the hoist finance has has found its position and it is and will continue to be a capital heavy player in this in this industry.
And
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
