Kredinor AS: First Quarter 2025 Results

29 Apr 2025 09:00 CEST

(Oslo, April 29, 2025)Kredinor has delivered in line with expectations and shows
positive development in the first quarter, despite a challenging market
characterized by uncertain macroeconomic conditions and demanding framework
conditions.

The positive development indicates that the company is on the right track, but
Kredinor is still working to improve profitability in its third-party debt
collection operations.
The financial results for the first quarter are positively impacted by a
write-up of the NPL portfolios by NOK 18 million and positive one-time effects
of NOK 22 million.

-We are pleased with the growth, but the profitability from the debt collection
operations is still not good enough, and the return on equity is unfortunately
not where it should be. Therefore, we continue working on restructuring and
maintaining a clear focus on our core business, says CEO Rolf Eek-Johansen.

-We will continue the good work we have started. Gradually, we will improve
profitability and adjust our cost base.
Kredinor has improved their investment capacity and is active in the market for
purchasing debt portfolios.
Eek-Johansen also highlights the positive dialogue the debt collection industry
has had with authorities and policymakers.

-It is encouraging that more people understand the important role of the debt
collection industry in an economy that is constantly changing, and Kredinor will
do its part to contribute to the further development of the industry.

Key Figures for the First Quarter:
Total Revenue: NOK 391.7 million
EBITDA: NOK 161.8 million
EBT: NOK 85.7 million
Book Value of the Portfolio: NOK 5.494 billion

For more information, contact:
Melita Ringvold
Director of Sustainability and Communication
+47 951 21 983


melita.ringvold@kredinor.no

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