Kredinor AS – Preliminary key figures for Q3 2024

08 Oct 2024 12:05 CEST

(Oslo, 8 October 2024): Kredinor AS today announces preliminary key figures for
Q3 2024. Due to reporting requirements for Kredinor's main shareholder, Kredinor
will publish preliminary key figures shortly following close of the relevant
quarter. The full quarterly report will be published according to Kredinor's
financial calendar October 21st.

These are the preliminary key figures:

Total revenue: MNOK 375,5 (188,2 in Q3 2023)
EBITDA: MNOK 121,6 (- 93,6)
EBT: – 75,7 (- 273,7)
Book value of the portfolio: MNOK 5 850 (6 184)

Kredinor has made an impairment of intangible assets in the company this
quarter, totaling 85,3 MNOK. The company will provide more details on this in
the quarterly report on October 21. The underlying operations of Kredinor have
continued the positive development seen in the second quarter of this year
through the third quarter. Excluding the impairment EBT was MNOK 9,6 in Q3.

For further information, please contact:
Jon Berge, Head of Communication
+47 905 98 680 / jon.berge@kredinor.no

About Kredinor:
Kredinor is Norway’s leading debt collection agency. Our market share in Norway
continues to be high, with a volume of 30 percent of the total outstanding debt
collection mass and 15 percent of new cases for debt collection. The market
share can also be measured by 22 percent of the collected funds (Finanstilsynet,
2023).
Kredinor will continue to be a market leader in the industry, and we will have
the most satisfied clients. We are at the forefront of developing new digital
solutions that make it easier for customers to pay and faster for clients to
receive payment for goods or services.
Kredinor is a full-service debt collection company that offers services in two
main categories, Credit Management Services (CMS) and Portfolio Investments
(PI). Today we have offices in Norway, Sweden, Denmark, and Finland. Our
ambition is to become a leading debt collection company in the Nordics.
Kredinor’s owners are SpareBank 1 Gruppen (68.64%) and Kredinorstiftelsen
(31.36%).

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