Total revenue Q2: MNOK 463,1/YTD MNOK 855,0
EBITDA Q2: MNOK 211,3/YTD MNOK 373,0
EBT Q2: MNOK 98,3/YTD MNOK 184,1
Book value of the portfolio: MNOK 5 852
Kredinor’s total revenues increased by 14 percent.
This growth was mainly driven by increased collections, which also had a positive impact on Kredinor’s revenue from own portfolios. For the first half of the year, the profit before tax was184 (-68) mill. kroner. Both operating expenses and net financial costs are significantly lower compared to the same period last year.
“We are pleased to present strong results for the second quarter and continue the positive trend we saw in the first quarter” Our focus on core business, with enhanced strategic discipline and good cost control, is delivering results that we will continue to build on through the autumn. After a period of low investment activity, we are back in Q2 with new portfolio purchases amounting to NOK 0.5 billion”, says CEO Rolf Eek-Johansen.
Here you can read the full quarterly report.
For more information, contact:
Melita Ringvold
Director of Sustainability and Communication
+47 951 21 983
melita.ringvold@kredinor.no
Rolf Eek-Johansen
Chief Executive Officer – CEO
