HOIST: TRACK OPERATING MARGIN IMPROVEMENT 2H JMF 2KV – CEO – Dagens Industri

HOIST: TRACK OPERATING MARGIN IMPROVEMENT 2H JMF 2KV – President

                  2015-07-31 10:09
             

 STOCKHOLM (AFX) Hoist Finance CEO Jörgen Olsson expects the operating margin will improve during the second half of the year, compared with the level in the second quarter.
  "I'm pretty confident that the operating margin in the second half will reach back to the level we had in the beginning of the year," he said to the news agency Direkt.
  During the second quarter, the operating margin, at the EBIT level, to 30.0 percent (32.9). A greater degree of legal collection measures, particularly in Britain, affected the margin in the quarter.
  At the beginning of the year, in the first quarter, amounted Hoist operating margin to 32 percent, adjusted for costs associated with the IPO.
  "We have guided our operating margin to rise to 40 percent in the medium term, perhaps two or three years ahead, and that we feel fully confident", says Jörgen Olsson.
  Jörgen Olsson points out that the acquisitions the company made in the second quarter came in  late in the period and had a marginal impact in the quarter. The effects of the acquisitions are expected from the third quarter.
  The acquisition of Compello in the UK was made just after the quarter end.
  "We enter the second half with a solid base. On top lines, we will continue to have a growth rate of about 35-40 percent for the remainder of the year," he says.
  In the first half, growth in total revenues to 37 percent and the amounts of purchased receivables portfolios grew by 41 percent.
  So far this year, Hoist acquired portfolios for a value of SEK 2.5 billion, including Compello.
  For the full year 2015 repeated the aim of reaching an acquisition volume in line with or higher than in recent years.
  "The past two years we have been on in round figures 3.5 billion in acquisition volume. We follow our plans and aims to add more than one billion more this year," he says.
  Jörgen Olsson stated that Hoist see no limitation in the  market. Market activity remains high and the availability of volumes in the market is great.
  "We see good opportunities for continued growth, but we hit pretty hard on that there is a limitation of the operational capacity," he says. 

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