Hoist Finance AB

Hoist Finance AB (publ) is a Stockholm-based credit institution focused on acquiring and servicing non-performing unsecured consumer receivables from banks and other lenders across several European markets, and its shares are listed on Nasdaq Stockholm. The company buys portfolios at a discount and collects cash flows over time using a combination of in-house and outsourced operations, legal recovery, restructuring arrangements, and digital self-service, and it also offers third-party servicing. Hoist is supervised by the Swedish Financial Supervisory Authority (Finansinspektionen) and is subject to EU prudential rules for credit institutions. Funding is sourced from online retail deposits and wholesale markets via senior and subordinated debt, supported by liquidity buffers and asset–liability management; eligible deposits fall under the Swedish statutory deposit guarantee up to the applicable limit. Financial performance is driven by gross collections relative to portfolio carrying values under IFRS 9, the pace and pricing of portfolio acquisitions, operating cost control, and funding costs; commonly watched metrics include estimated remaining collections (ERC), collection effectiveness, return on portfolio investments, cost-to-income, and regulatory capital ratios such as CET1. The business model entails exposure to macroeconomic conditions affecting consumer affordability and court throughput, regulatory developments in collections and consumer protection, model and valuation risk tied to long-dated cash-flow estimates, and currency and interest-rate risk from multi-jurisdiction activity and deposit-based funding, alongside reputational and conduct risk inherent in debt recovery. The competitive landscape includes other European credit management and debt-purchasing groups. For consumers, the company provides savings products rather than full-service retail banking; for investors, assessment typically centers on the acquisitions pipeline, gross collections trends, impairment and revaluation movements, operating leverage, funding mix and maturity profile, and capital adequacy through the cycle.