Q4 2024 B2 Impact ASA Earnings Call Transcript
Key Points
- B2 Impact ASA (FRA:B28) reported strong collection performance and a decrease in expenses and interest costs, leading to earnings of NOK1.57 per share.
- The company achieved its investment target of NOK2.5 billion for 2024 and has already committed NOK1.2 billion for 2025.
- Unsecured collection performance improved significantly, with a 208% increase compared to the latest forecast.
- Operating expenses decreased by 5% in the quarter, with personnel costs down by 6%, contributing to a scalable cost base.
- The company proposed a dividend of NOK1.50 per share for 2024, reflecting a strong financial position and commitment to shareholder returns.
- Secured collections declined compared to the previous year, primarily due to the collection of the largest claim in 2023.
- The top line was slightly lower due to more modest secure collection impact, despite a stronger bottom line.
- Cash earnings were negative for the first time in 2024 due to high investment levels in the quarter.
- Non-recurring items, including severance pay, impacted operating costs, with a provision of approximately NOK60 million for further restructuring.
- The company faces potential volatility in secured collections due to a significant reduction in the secured portion of the estimated remaining collection.
Good morning, everyone, and welcome to B2 Impact's fourth quarter presentation.
My name is Rasmus Hansson. I will moderate the Q&A, some practical information. For those of you who want to answer questions live, you can use the link for the dial-in link and we will also answer questions in the chat for those of you who post questions there. We will then start with the live questions in the Q&A.
And with that, I will give the word to our CEO Trond Kristian Andreassen.
Thank you, Rasmus, and good morning everyone. As this is my first presentation, I would like to use the opportunity to shortly introduce myself. I started B2 Impact December 1st, 2024. Most of my career, I worked in the finance industry with different positions as CEO. After four years in the board of B2 Impact, I was enthusiastic to step in as a CEO. My 1st two months has been good.
I'm impressed by the level of competence and positive
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