Q1 2025 B2 Impact ASA Earnings Call Transcript
Key Points
- B2 Impact ASA (STU:B28) reported a strong collection performance and ERC growth, with expenses and interest costs trending down.
- The company successfully issued a EUR 200 million bond on attractive conditions, enhancing financial flexibility.
- Net profit increased by 41% year-over-year, indicating strong financial health.
- The company is on track to meet its dividend target of 1.5 NOK per share for the full year.
- B2 Impact ASA has a diversified and attractive investment pipeline, supporting its full-year target of at least 3 billion NOK.
- Secured cash collections are down compared to the previous year, driven by lower REO sales.
- There is increased volatility in secured collections due to a smaller secured book.
- Legal collection costs have increased slightly due to higher investment levels.
- The company faces potential challenges from tariffs impacting IT costs, particularly from US companies.
- There is a conservative approach to EPS targets, which may seem low given the strong start to the year.
Good morning and welcome to B2 Impact ASA first quarter presentation.
(Operator instructions)
So, with that, over to you Trond.
Thank you, Rasmus, and good morning, everyone. The board OB to impact has been clear to us as a management. Give a stable growth, give the shareholders high return and make be to impact to become the stock you want to buy and never sell.
In overview, due to the developed last year. That's where we are, and the journey has just started. We are also happy this is recognized by both new equity and credit investors. We hope this presentation will give you a good understanding of our position.
Looking at 11 highlights, I'm pleased that we once again can present strong collection performance and ERC growth combined with expenses and interest costs continuing to trend down. That's the main drivers for earnings of 0.37 NC per share 41% from last year and on track to deliver
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