– The fourth quarter was an eventful one with good demand for our solutions. We welcomed new partners, including Åhléns, and Bauhaus extended the collaboration with us. At the same time, the market and
– Despite several positive trends, we are obviously not satisfied with our performance in the fourth quarter and the fact that we are not reaching our financial targets, which has had the effect of cancelling the dividend for the second half of 2023. However, I would like to emphasise that
1 OCTOBER –
- Lending to the public rose 4% to
SEK 38,846 million . Lending to the public excluding items affecting comparability rose 8% toSEK 40,049 million . - Operating income increased 4% to
SEK 889 million . - C/I before credit losses was 68.0% (41.7%), and excluding items affecting comparability 41.9%.
- Profit before credit losses was
SEK 284 million , and excluding items affecting comparability profit before credit losses increased 4% toSEK 516 million . - The credit loss ratio was 6.3% (2.6%), and excluding items affecting comparability 4.7%.
- Operating result amounted to
SEK -331 million (260), and excluding items affecting comparability operating profit wasSEK 47 million . - Earnings per share declined to
SEK -1.58 (0.99), and excluding items affecting comparability amounted toSEK 0.06 .
1 JANUARY –
- Lending to the public rose 4% to
SEK 38,846 million . Lending to the public excluding items affecting comparability rose 8% toSEK 40,049 million . - Operating income increased 9% to
SEK 3,489 million . - C/I before credit losses amounted to 47.7% (43.2%), and excluding items affecting comparability the C/I ratio declined to 41.1% (41.7%).
- Profit before credit losses amounted to
SEK 1,824 million (1,817). Excluding items affecting comparability, profit before credit losses increased 10% toSEK 2,055 million (1,867). - The credit loss ratio rose to 3.8% (2.2%), and excluding items affecting comparability to 3.3% (2.2%).
- Operating profit totalled
SEK 388 million (1,028), and excluding items affecting comparabilitySEK 766 million (1,078). - Earnings per share declined to
SEK 1.14 (3.89), and excluding items affecting comparability toSEK 2.79 (4.14). - For the full-year 2023, net profit amounted to
SEK 258 million , and net loss for the second half of the year wasSEK -106 million . Due to the negative earnings for the second half of 2023, the Board decided in line with the company’s dividend policy not to propose any half-year dividend at the 2024 Annual General Meeting. In the autumn of 2023,Resurs distributedSEK 0.91 per share, which corresponds to 50 per cent of the net profit for the first half of 2023.
* Certain performance measures provided in this section have not been prepared in accordance with IFRS or the capital adequacy rules, meaning that they are alternative performance measures. Calculations and reconciliation against information in the financial statements of these performance measures are provided on the website under “Financial reports.” Definitions of performance measures are provided on the website under “Financial data.” In this section, changes and comparative figures refer to the same period in the preceding year. This applies to all other sections of text in this interim report, profit/loss items and cash flow that are compared with the same period in the preceding year.
INVITATION TO THE PRESENTATION
Resurs Holding’s year-end report 2023 will be published at
If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. https://ir.financialhearings.com/resurs-holding-q4-report-2023
If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=50048652
The presentation will be held in English.
The presentation material will be available before the telephone conference begins on Resurs’s website www.resursholding.com. It will also be possible to access the recorded version of the webcast after it is finished on this page.
FÖR MEDIAKONTAKTER:
Måns Renntun, Chief Communication & Marketing Officer, +46-709-849620, mans.renntun@resurs.se
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