Replay available

Norion Bank AB (NORION) Q1 2025 Earnings Call

Norion Bank AB (STO: NORION) Q1 2025 earnings conference call, held 2025-04-24. Replay captured from the company's public earnings webcast.

Thu, April 24, 2025 at 3:00 AMendedReplay
Norion Bank AB (NORION) Q1 2025 Earnings Call

Hosted by

Featured presenters

David Lindskog

Private Investor

Jakob Hässlevik

Analyst, SEB

Emil Jonsson

Analyst, DNB

Marcus Sandgren

Analyst, Kepler Cheuvreux

Martin Åsman

CEO

Peter Olsson

CFO

Jens Hallen

Analyst, Carnegie Investment Bank

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Replay transcript excerpt

WEBVTT 00:00:01.263 -- 00:00:06.351 Welcome to Norden Bank's Q1-Rapport 2025. My 00:00:06.351 -- 00:00:11.579 name is Martin Åsman, I'm the CEO and I'm here with Peter Olsson. 00:00:11.579 -- 00:00:17.064 Before we start here on page 2 and sum up the 00:00:17.228 -- 00:00:22.616 quarter, we sent out on April 10th that we have had some customers 00:00:22.616 -- 00:00:26.242 who have paid back their rents, a number of private customers. 00:00:26.242 -- 00:00:31.433 We have From Q2 last year, we have had customers who are in need of their rent 00:00:31.433 -- 00:00:36.806 payments. We have had approximately 100 million per quarter from Q2. 00:00:36.806 -- 00:00:41.898 Therefore, it is very happy that we were able to communicate that we have received 00:00:41.898 -- 00:00:47.027 140 million in rent from FACETs. So it's very cool 00:00:47.027 -- 00:00:53.053 that the customers are coming up. It's good and 00:00:53.053 -- 00:00:55.775 very exciting. Regarding 00:00:55.775 -- 00:01:01.180 numbers, we can also talk about what we can call a media rush. 00:01:01.180 -- 00:01:06.805 It has been established that we have a number of consultants in our Plastic Cement. 00:01:06.805 -- 00:01:11.087 And it's true, it's not a secret. It was already communicated 00:01:11.189 -- 00:01:15.513 by Banken Börsnotans 2015 as part of the official outsourcing. 00:01:15.513 -- 00:01:17.513 Unlike 00:01:18.601 -- 00:01:22.651 Storbank, we don't have an 00:01:22.651 -- 00:01:25.840 office network. We have 00:01:25.840 -- 00:01:32.231 to see new businesses all the time. We work with different consulting applications. 00:01:32.236 -- 00:01:37.183 It's our way to get new businesses 00:01:37.183 -- 00:01:42.391 in. We have a relatively short running time for our businesses, 18-24 months, so 00:01:42....