Sweden · Delayed Price · Currency is SEK Enity Holding AB Earnings Call Transcripts
Fiscal Year 2026
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A specialist mortgage lender in the Nordics reported strong growth, resilient credit quality, and expanding broker-driven distribution. Regulatory changes and currency effects impacted recent results, but margins and profitability are expected to normalize. Broker channels and digital investments remain key to future growth.
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Portfolio grew 9.5% year-over-year, driven by the Uno Finans acquisition and strong Norway and Finland performance. Net profit surged due to a revaluation gain, but adjusted operating profit fell on higher credit losses. Credit losses and subdued housing markets are expected to persist.
Fiscal Year 2025
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Delivered record results in 2025 with 10% loan growth, 19.2% adjusted RoTE, and improved cost efficiency. Outlook for 2026 includes continued growth, increased marketing, and normalization of credit losses, with further expansion and acquisitions planned.
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Q3 2025 saw double-digit loan growth, a 19% rise in adjusted operating profit, and improved cost efficiency. Credit losses stabilized, and all segments contributed positively, with Finland posting its first profit. CET1 ratio remains strong, and expansion into new markets is under assessment.
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Strong organic loan growth and improved profitability were achieved, with all financial targets met or exceeded. Credit losses remained low, and the IPO strengthened capital structure, while segment performance was robust despite macroeconomic headwinds.