Kredinor AS: Result for the second quarter 2023

30 August 2023 – Kredinor AS today announced its interim report for the period ending 30 June 2023. The quarter and the half year showed improvement on several key parameters compared to the previous period.

Klaus-Anders Nysteen, administrerende direktør

Increased volume to debt collection and higher revenues from portfolio investments led to improved performance for Kredinor in Q2 and the first half year of 2023. Cash revenues increased to 1161 MNOK in H1 (962 MNOK in H1 2022) and the adjusted EBIT margin was stable at 25% in H1 (27% in H1 2022).

– In addition, I am very happy that we can report good progress on our strategic initiatives such as the “Kan by Kredinor” advisory product, AML-check for debt collection, as well as the post-merger synergy program, says Klaus-Anders Nysteen, CEO of Kredinor.

Financial highlights of Q2 include:

  • Cash revenues of MNOK 628 (MNOK 494 in Q2 2022)
  • Cash EBITDA of MNOK 353 (MNOK 282)
  • Adjusted EBIT of MNOK 85 (MNOK 99)
  • Earnings before tax of MNOK -54 (MNOK 52)

For the first half year of 2023:

  • Cash revenues of MNOK 1 161 (MNOK 962 in H1 2022)
  • Cash EBITDA of MNOK 649 (MNOK 508)
  • Adjusted EBIT of MNOK 178 (MNOK 114)
  • Earnings before tax of MNOK -99 (MNOK 118)

Note that references to 2022 figures refer to pro-forma numbers, which are not audited.

– We are pleased to see that the collection performance in the second quarter improved compared to the first quarter. But we are not satisfied with the total financial performance, says Nysteen.

Tougher environment

– For some time now, we have seen that our customers are facing a tougher environment, with increased interest rates and higher cost inflation. One of our key priorities for the second half of the year is to support customers and help them keep their commitments as cost-effective as possible and with the minimum possible stress, says Klaus-Anders Nysteen, CEO of Kredinor.


A result presentation will be held via webcast at 1300 CET on August 30, 2023. A recording of the webcast will be available on the Kredinor website shortly after the event.

You can register for the webcast here:

For additional information, please contact:

Jon Berge, Head of Marketing and Communication. Tel.: +47 905 98 680.

Jon Berge

Communications director

+47 905 98 680