Hoist Finance AB (publ) (HOFI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Hoist Finance Q1 report for 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Harry Vranisch and CFO Magnus Söderlund. Please go ahead. Thank you very much. Good morning, everyone, and welcome to this Hoist Finance earnings call. for the first quarter of 2026. I'm Harry Branjes, CEO of Hoist Finance. And next to me, I have Magnus Söderlund, our CFO, and Koin Tyk, our Chief Investor Relations Officer. Thank you all for logging in and for your interest in Hoist Finance. We'll try to run through this in 30 minutes and try to leave ample room for any questions you may have. Today, with a new year, we're also trying out a new, slightly modified format, so please bear with us. Let's see here. Yes. There. So, before we jump into the highlights, I think this quarter will be the first quarter in quite a while where we will actually be comparing apples to apples. So in the last four quarters, we've constantly compared hoist with SDR costs for the current year with SDR or hoist without SDR costs in the previous year. And this has sort of clouded the underlying growth. So if we now compare Q1 2025 where Hoist actually had full SDR costs with the current quarter, we see a profit before tax growth of currency adjusted 32% versus a total portfolio growth of 19%. If we then also adjust for the transaction costs for Azuro, the growth is actually 37%. So I hope this gives an indication of sort of the scale effects of our business model. Now, before I go into the highlights, I just want to say a few words about the ongoing acquisition of Azuro Associates in the UK. So...