Strong Servicing Performance
The Servicing segment reported the second strongest quarter in terms of both margin and absolute EBIT in the last five years, with a 26% increase in EBIT year-on-year. The margin improved to 30% from 23% in the previous year.
Outperformance in Collections
The Investing segment saw collections performance at 103% for the quarter and 101% for the year against active forecasts. This was 110% and 111% versus original forecasts, respectively.
Cost Reduction Success
The company ended the year with the lowest absolute costs in each of its business segments since the current CEO took charge, with a focus on further reduction in 2025.
Recapitalization Progress
Significant advancements in the recapitalization process with a favorable decision in the US and ongoing Swedish reorganization, expected to complete in the first half of the year.
Expansion of Cerberus Partnership
The company scaled up its joint venture with Cerberus, increasing from five to twelve portfolios, with a total committed capital of over SEK 2 billion.