Kredinor AS: Results for the First Quarter of 2025
Oslo, 29 April 2025 – Kredinor delivered results in line with expectations and demonstrated positive development in the first quarter, despite a challenging market characterised by macroeconomic uncertainty and demanding operating conditions. The positive trend confirms that the company is on the right track, although Kredinor continues to work on improving profitability in its third-party debt collection business.
The financial results for the first quarter were positively impacted by a write-up of NPL portfolios amounting to NOK 18 million, as well as positive one-off effects of NOK 22 million.
“We are pleased with the positive growth; however, profitability in our debt collection operations is still not satisfactory, and our return on equity is unfortunately not where it should be. We will therefore continue our restructuring efforts with a clear focus on our core business,” says CEO Rolf Eek-Johansen.
“We will continue the solid work already underway. Our aim is to gradually improve profitability while adapting our cost base.”
Kredinor currently has strong investment capacity and is actively engaged in the market for the acquisition of debt portfolios.
Eek-Johansen also highlights the constructive dialogue the debt collection industry has established with regulators and policymakers.
“It is encouraging that more stakeholders recognise the important role of the debt collection industry in an economy that is constantly evolving. Kredinor will continue to contribute to the further development of the industry,” he says.
Key figures for the first quarter
- Total revenue: NOK 391.7 million
- EBITDA: NOK 161.8 million
- EBT: NOK 85.7 million
- Book value of the portfolio: NOK 5,494 million