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Resurs Holding: Resurs Holding Interim Report January-September 2016

1 July-30 September 2016*

· Lending to the public rose 43% to SEK 20,593 million, up slightly
more than 5% compared with Q2 2016, resulting in annualised growth of
approximately 20%

· Operating income increased by 29% to SEK 717 million
· Operating profit increased 37% to SEK 302 million, and 35% to SEK
337 million excl. nonrecurring costs

· Earnings per share rose 29% to SEK 1.12, and 32% to SEK 1.30 excl.
nonrecurring costs

· C/I before credit losses (excl. Insurance) was 44.6% (45.6), and
39.4% (39.9) excl. nonrecurring costs

· The credit loss ratio was 1.9% (2.1)
1 January-30 September 2016*

· Lending to the public rose 43% to SEK 20,593 million, up about 13%
from the start of 2016, resulting in an annualised increase of
approximately 18%

· Operating income increased 24% to SEK 2,103 million
· Operating profit increased 37% to SEK 864 million, and 36% to SEK
932 million excl. nonrecurring costs

· Earnings per share rose 34% to SEK 3.30, and 35% to SEK 3.61 excl.
nonrecurring costs

· The Common Equity Tier 1 ratio was 13.6% (16.1) and the total
capital ratio was 14.6% (17.3)

· C/I before credit losses (excl. Insurance) was 45.1% (47.2), and
41.6% (43.8) excl. nonrecurring costs

· The credit loss ratio was 1.9% (2.4)
· Return on equity excl. intangible assets, (RoTE) was 24.5% (23.1),
and 26.6% (24.8) excl. nonrecurring costs.



Our strong growth continues - focus on partners and innovative

Strong growth in lending and earnings

Strong lending growth continued in the third quarter and our lending
now exceeds SEK 20 billion. Growth was driven by both banking
segments, Payment Solutions and Consumer Loans, where all of the
Nordic countries contributed to the favourable trend. This resulted
in annualised growth of 20 per cent, which means we are continuing to
surpass our mid-term financial target of about 10 per cent. However,
lending was positively impacted by currency effects of about 2 per
cent compared with the second quarter. Earnings for the period were
strong, up 36 per cent excluding nonrecurring costs, primarily driven
by higher business volumes and improved net interest income. This was
delivered in parallel with maintaining good control of risks and
costs. During the period, we continued as planned to grow at a faster
pace than the Nordic market.

Focus on partner development

In Payment Solutions, we have continued to drive development efforts
together with our retail finance partners. The findings of an
external study of retail-sector growth in the Nordic region since
2011 showed that our larger retail finance partners reported
significantly higher growth rates than the remainder of the market.
This confirms the strength of our business model, which makes our
partners' sales growing faster than the market in general. We have
welcomed several new retail finance partners during the quarter and
we look forward to working and growing together with them. Consumer
Loans reported continued growth with the strongest quarter to date,
where the largest increases were in Sweden and Norway. In Insurance,
efforts have been ongoing for a while to close the unprofitable UK
travel insurance operations, which are negatively impacting premium

Historical reporting

In 2015, we submitted a report to the Swedish Financial Supervisory
Authority regarding inaccurate historical reporting. During the
quarter, a penalty fee of

SEK 35 million was imposed on the bank. Under the agreement with our
owner, Nordic Capital, we concurrently received an unconditional
shareholders' contribution of SEK 15 million. Accordingly, this case
is now closed and has been recognised as a nonrecurring cost in the
financial statements.

Sales-promoting solutions in digital and physical environments

Resurs aims to be at the forefront of developing sales-promoting
solutions that work as an inherently natural part of our retail
finance partners' and consumers' everyday lives, both digitally and
in physical environments. For example, we are introducing a new
service for our offline stores, "digital application," which allows
the eradication of paper processing at our stores and means that all
customers sign using their Mobile Bank ID. Moreover, customers who
download our Loyo app, will find their customer loyalty card there
just seconds later. Naturally, this means that customers' future
store visits will also be digital, since customers can complete
purchases using their mobile phone and Loyo. Implementation is
ongoing in Sweden and a Nordic roll-out will take place in the next
12 months.

The third quarter again posted strong profitable growth. We will
continue to maintain focus on collaboration with partners and the
development of innovative customer-centric solutions.


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.

*Certain performance measures provided in this section have not been
prepared in accordance with IFRS. Definitions of key ratios are
provided on page 30. The reasons for the use of alternative
performance measures and reconciliation against information in the
financial statements are provided on the website under "Financial

The figures in parentheses refer to 30 September 2015 in terms of
financial position, and to the year-earlier period in terms of
profit/loss items.

|This information is such information that Resurs Holding AB is required to |
|disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities|
|Market Act. The information was submitted for publication by the |
|abovementioned contact person on 8 November 2016 at 8:00 a.m. CET. |


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