Hoist Finance AB (publ) (HOFI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Hoist Finance Q2 Report for 2025. 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 dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Harry Vranisch and CFO Magnus Soderlund. Please go ahead. Thank you very much. Good morning, everyone, and welcome to this Hoist Finance earnings call for the second quarter of 2025. I am Harry Vranjes, the CEO of Hoist Finance. And next to me today, I have Magnus Söderlund, our recently appointed CFO, and Karin Tycke, our chief investment relations and comms officer. So just want to start by thanking you all for your interest in Hoist Finance. As usual, we will try to run through the presentation in 30 minutes to leave room for questions you may have. But before we dive into the material, a bit of repetition for those of you who are new to Hoist Finance. So Hoist Finance's business model on a high level is very simple. We acquire portfolios of non-performing loans from tier one banks around Europe at significant discount. Historically, we've had an average price of around 10% of nominal value. Now then to reach our financial targets, we then manage the portfolios and we collect circa 20%. Now, so we do this in a banking suit or more specifically a credit market company suit. and this enables us to have a stable and cost-effective funding source in the form of deposits from the from the public now in an industry that is undergoing significant change we are and will continue to be a capital heavy industrial actor and we strive to become the leading investor and asset manager of consumer and sme non-performing loans in europe Now, during this second quarter of 2025, ...