Interim report Q1 2021
STOCKHOLM, April 29, 2021 /PRNewswire/ Hoist Finance s first quarter was impacted by the consequences of the pandemic and further lockdowns across Europe. Limited investment volumes in 2020 and forward-looking impairments in some portfolios, predominately in the UK and Spain, explain the negative profits in the quarter. The underlying financial performance adjusted for forward-looking impairments totals SEK 120m compared to SEK 110m in the first quarter last year. Collection performance remains solid at 103%, and our efforts to improve efficiency continue according to plan. In the quarter we acquired our first portfolio via the partnership with Magnetar Capital. So despite recent difficulties, we see a positive market outlook, supporting our priority to return to growth , says Klaus-Anders Nysteen, Hoist Finance CEO.
The Nomination Committee s proposal to the AGM 2021
The election of Mattias Carlsson as chairman of the board;
The re-election of Malin Eriksson, Henrik Käll and Lars Wollung as board members; and
The election of Fredrik Backman, Per Anders Fasth, Niklas Johansson, Helena Svancar and Peter Zonabend as board members.
As previously communicated, Ingrid Bonde has informed the Nomination Committee that she will not be standing for re-election as chairman of the board at the Annual General Meeting 2021. Current board members Cecilia Daun Wennborg, Liselotte Hjorth and Robert Kraal have also chosen to not stand for re-election.
Short presentation of the proposed new board members: