– 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. However, I would like to emphasise that
1 july–31 December 2023*
- 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 7% to
SEK 1,772 million (1,662). - C/I before credit losses was 53.2% (40.6%) and excluding items affecting comparability 40.1%.
- Profit before credit losses was
SEK 830 million (987) and excluding items affecting comparability profit before credit losses increased 8% toSEK 1,062 million . - The credit loss ratio was 4.5% (2.4%), and excluding items affecting comparability 3.7%.
- Operating result amounted to
SEK -56 million (554), and excluding items affecting comparability operating profit wasSEK 322 million .
1 January–31 December 2023*
- 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 3,492 million (3,204). - C/I before credit losses amounted to 46.9% (42.6%), and excluding items affecting comparability the C/I ratio declined to 40.3% (41.0%).
- Profit before credit losses amounted to
SEK 1,852 million (1,839). Excluding items affecting comparability, profit before credit losses amounted toSEK 2,084 million (1,889). - The credit loss ratio rose to 3.8% (2.2%), and excluding items affecting comparability to 3.3%.
- Operating profit totalled
SEK 417 million (1,050), and excluding items affecting comparabilitySEK 795 million .
* 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 page 31.
FOR MEDIA CONTACTS:
Måns Renntun, Chief Communication & Marketing Officer, +46-709-849620, mans.renntun@resurs.se
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