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Hoist Finance: Minor correction regarding calculation of key ratios

HOFIRegulatory press release06.05.2020, 23.30
Read the release

In the interim report for the first quarter 2020 that was published by Hoist Finance on 6 May 2020, there was a minor error in the calculation of the key ratios Return on Equity and Earnings per share. The correction refers to the deduction of interest expenses on AT1 capital instruments. It does not have an impact on any other key ratios nor on the Financial statements for the quarter.

Return on Equity is corrected from -7 per cent to -6 per cent. Return on Equity, excluding items affecting comparability, is corrected from 5 per cent to 4 per cent.

Basic and diluted Earnings per share is corrected from SEK -0.69 to SEK -0.73. Basic and diluted Earnings per share, excluding items affecting comparability, is corrected from SEK 0.61 to SEK 0.57.

An amended version of the interim report is available on the company website www.hoistfinance.com.