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2016-12-19

Resurs Holding: Resurs finalises the closing of the UK Insurance operations

Resurs Holding has in the three latest quarterly reports reported
about the on-going closing of the UK travel insurance operations in
the segment Insurance which has negatively impacted the profitability
of the segment during the year.

Since the 31:st of October this business is finally discontinued and
the remaining costs have now been calculated to approximately MSEK
30. These costs will affect the result of the forth quarter 2016 as a
non-recurring cost.

-The closing of this unprofitable business enhances our Insurance
segment going forward, says Kenneth Nilsson, CEO of Resurs Holding.

More information is available from:

Gunilla Wikman, Investor Relations Manager, gunilla.wikman@resurs.se,
+46 707 638125

About Resurs Holding
The Resurs Group, which operates through the subsidiaries Resurs Bank
and Solid Försäkringar, is the leader in retail finance in the Nordic
region, offering payment solutions, consumer loans and niche
insurance products. Since its start in 1977, Resurs has established
collaborations with over 1,200 retail partners with approximately
35,000 stores and built a customer base of approximately 5 million
private customers in the Nordics. Resurs Bank has had a bank charter
since 2001 and is under the supervision of the Swedish Financial
Supervisory Authority. The Resurs Group, with operations in Sweden,
Denmark, Norway and Finland, had around 720 employees and a loan
portfolio of more than SEK 20.6 billion at the end of the third
quarter of 2016. Resurs has been listed on Nasdaq Stockholm since 29
April 2016.

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http://news.cision.com/resurs-holding/r/resurs-finalises-the-closing-of-...
http://mb.cision.com/Main/9628/2152645/605534.pdf

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