Hoist Finance AB (publ) (HOFI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Good morning everyone and welcome to this Hoist Finance earnings call for the second quarter of 2026. I am Harry Vranjes and next to me I have Magnus Söderlund, our CFO and Karin Tycke, our Chief Investor Relations Officer. Thank you all for logging in today and for showing interest in Hoist Finance. We'll try to run you through this quite action-packed quarter in about 30 minutes and try to leave as much room for questions as possible. There's a lot to cover. We have also understood some of you are looking for some more color on the Azuro acquisition, so we have added a slide about that later in the pack. But in general, we are very pleased that we managed to close that transaction already in Q1. But as Magnus will talk to you about later, they are not in the P&L yet. So we have the company, the people and the assets on the balance sheet, but revenues and costs will only be visible from July onwards. We are, however, already operating on the market and we've been able to win a number of smaller portfolios since closing. Now, Hoist Finance is a growth company operating in a growing market. Although the stock of MPLs on the balance sheets of the European banks is growing at a relatively modest pace. The stock today generates more MPL sales than it did in the past, as sellers sell earlier. Now, this change in behavior is driven by a combination of factors, but certainly regulation is one of them. The European regulators are still laser focused on the MPL topic. and we expect them to be so for the foreseeable future. And all in all, we assess that we will have favourite market conditions for the foreseeable future. There are many things to highlight this quarter. I think one of the highlights is of course also this Moody's rating hike. It will make our market...