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United Kingdom

Hoist Finance AB (publ) (HOFI.ST)

HOFI.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hoist Finance Q1 Profit Before Tax Up At SEK 226 Million
Tuesday, 14 May 2019 

May 14 (Reuters) - Hoist Finance AB (publ) ::INTERIM REPORT 2019.Q1 PROFIT BEFORE TAX SEK 226 MILLION VERSUS SEK 185 MILLION YEAR AGO.Q1 NET INTEREST INCOME SEK 774 MILLION VERSUS SEK 684 MILLION YEAR AGO.  Full Article

Hoist Finance Q4 Profit Before Tax Up At SEK 186 Million
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Hoist Finance AB (publ) ::YEAR-END REPORT 2018.OCT-DEC PROFIT BEFORE TAX INCREASED 69 PER CENT TO SEK 186 MILLION (110)..Q4 TOTAL REVENUE SEK 766 MILLION VERSUS SEK 643 MILLION YEAR AGO.OCT-DEC TOTAL OPERATING INCOME INCREASED 19 PER CENT TO SEK 766 MILLION (643).DIVIDENDS WILL NOT BE PAID FOR 2018 AND 2019.SAYS WE WILL STILL ACHIEVE OUR COST/INCOME RATIO TARGET OF 65 PER CENT BY 2021.OUR NEW 15 PER CENT ROE TARGET IS A REDUCTION BUT STILL WELL IN EXCESS OF OUR COST OF CAPITAL.WE NOW EXPECT PORTFOLIO INVESTMENTS TOTALLING APPROXIMATELY SEK 5 BILLION IN 2019.  Full Article

Hoist Finance Says In Final Stages Of Negotiation Over Assets Owned By Getback
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Hoist Finance Ab (Publ) ::HOIST FINANCE STILL IN NEGOTIATIONS TO ACQUIRE NON-PERFORMING ASSETS FROM GETBACK.CAN CONFIRM THAT WE ARE IN FINAL STAGES OF REACHING AN AGREEMENT OF ACQUIRING APPROXIMATELY ONE THIRD OF TOTAL NON-PERFORMING ASSETS OWNED BY GETBACK.  Full Article

Hoist Withdraws From Negotiations With GetBack Re Acquisition Of Assets
Monday, 21 Jan 2019 

Jan 22 (Reuters) - GetBack SA ::SAID ON MONDAY THAT HOIST AB HAS WITHDRAWN FROM FURTHER NEGOTIATIONS WITH COMPANY REGARDING ACQUISITION OF CO'S ASSETS.DECISION OF HOIST AB HAS CLOSED ONE OF THE SO-CALLED STRATEGIC OPTIONS AND AS A CONSEQUENCE, CO'S MANAGEMENT BOARD PROCEEDED TO IMPLEMENT THE SO-CALLED MIXED OPTION.UNDER MIXED OPTION CO TO CONTINUE OPERATING ACTIVITIES WITH SIMULTANEOUS GRADUAL LIQUIDATION OF ITS ASSETS, TO ACCELERATE REPAYMENT OF LIABILITIES .IMPLEMENTATION OF THIS OPTION GIVES COMPANY OPPORTUNITY TO USE HAIRCUTS AGREED WITH NATIONAL BANKS nFWN1ZL0AG.THIS OPTION ASSUMES REPAYMENT OF COMPANY'S LIABILITIES TO CREDITORS AT LEVEL OF 25% WITHIN 8 YEARS.FIRST INSTALMENT FOR UNSECURED CREDITORS WILL BE PAID OUT IN 2020.COMPANY WILL REPAY SECURED CREDITORS FIRST.  Full Article

Hoist Finance Updates On Strategy And Financial Targets
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Hoist Finance AB (publ) ::HOIST FINANCE UPDATES ON STRATEGY AND FINANCIAL TARGETS.SAYS TO IMPROVE OPERATIONAL EFFICIENCY TO DELIVER 300 MSEK OF COST SAVINGS ON AN ANNUAL BASIS AND A COST-TO-INCOME RATIO OF 65% BY 2021.SAYS AS A RESULT OF NEW STRATEGY HOIST FINANCE WILL ALSO PRESENT UPDATED FINANCIAL TARGETS.SAYS TARGETS RETURN ON EQUITY OF 20% IN 2021 , COST-TO-INCOME RATIO OF 65% IN 2021.SAYS TARGETS A COMPOUND ANNUAL GROWTH RATE (CAGR) IN EARNINGS PER SHARE (EPS) OF 15%, WHEN COMPARING 2021 TO 2018, EXCLUDING ITEMS AFFECTING COMPARABILITY.SAYS DIVIDEND POLICY TO DISTRIBUTE 25-30% OF NET PROFITS PER ANNUM.  Full Article

Hoist Finance: Directed New Share Issue Raising About SEK 568 Million
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Hoist Finance AB (publ) ::HOIST FINANCE STRENGTHENS SHAREHOLDERS' EQUITY THROUGH A DIRECTED NEW SHARE ISSUE RAISING APPROXIMATELY SEK 568 MILLION.HAS SUCCESSFULLY COMPLETED A DIRECTED NEW SHARE ISSUE RAISING APPROXIMATELY SEK 568 MILLION..HOIST FINANCE - INTENDS TO USE PROCEEDS FROM ISSUE TO FINANCE FUTURE LARGER PORTFOLIO INVESTMENTS OR ACQUISITIONS OF COMPANIES OR BUSINESSES.  Full Article

Hoist Finance To Offer New Shares Via Placing
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Hoist Finance AB (publ) ::INTENTION TO PLACE NEW SHARES CORRESPONDING TO ABOUT 10 PERCENT OF TOTAL CO SHARES VIA DIRECTED NEW SHARE ISSUE.ISSUE TO SWEDISH AND INTERNATIONAL INSTITUTIONAL INVESTORS.HAS RETAINED DEUTSCHE BANK AG, LONDON BRANCH, AND NORDEA BANK AB TO ACT AS JOINT BOOKRUNNERS IN CONNECTION WITH ISSUE.SUBSCRIPTION PRICE AND TOTAL NUMBER OF SHARES IN ISSUE WILL BE DETERMINED THROUGH AN ACCELERATED BOOKBUILD PROCEDURE.BOOKBUILDING WILL START IMMEDIATELY FOLLOWING THIS ANNOUNCEMENT.PRICING, ALLOCATION OF SHARES EXPECTED TO TAKE PLACE BEFORE BEGINNING OF TRADING ON NASDAQ STOCKHOLM AT 09:00 CEST ON SEPT 12.INTENDS TO USE PROCEEDS FROM ISSUE TO FINANCE FUTURE LARGER PORTFOLIO INVESTMENTS OR ACQUISITIONS OF COMPANIES OR BUSINESSES.  Full Article

Hoist Finance Issues EUR 40 Million Additional Tier 1 Capital
Wednesday, 30 May 2018 

May 30 (Reuters) - HOIST FINANCE AB (PUBL) ::HOIST FINANCE ISSUES EUR 40 MILLION ADDITIONAL TIER 1 CAPITAL.INSTRUMENT IS PERPETUAL WITH A NON-CALL PERIOD OF 5.25 YEARS WITH A FIXED COUPON OF 8.0 PER CENT.  Full Article

Hoist Finance Acting CFO Christer Johansson Appointed New CFO Of Hoist Finance
Tuesday, 8 May 2018 

May 8 (Reuters) - HOIST FINANCE AB (PUBL) ::HOIST FINANCE AB - ACTING CFO CHRISTER JOHANSSON APPOINTED NEW CFO OF HOIST FINANCE.  Full Article

Hoist Finance Acquires Mortgage Portfolio In The UK
Friday, 16 Mar 2018 

March 16 (Reuters) - HOIST FINANCE AB (PUBL) ::HOIST FINANCE ACQUIRES MORTGAGE PORTFOLIO IN THE UK.‍HAS ENTERED INTO AN AGREEMENT TO ACQUIRE A UK MORTGAGE PORTFOLIO WITH AN OUTSTANDING BALANCE OF APPROXIMATELY £38 MILLION.​.‍PORTFOLIO CONSISTS OF PERFORMING AND NON-PERFORMING SECURED LOANS ON RESIDENTIAL AND COMMERCIAL PROPERTY.​.  Full Article