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Edge12 Jun 2026
Set in Stone: The Story of Richemont
From a South African tobacco company to Cartier, a deep dive into how Richemont built one of the world's leading hard luxury empires.
B2 Impact
B2 Impact (B2H) investor relations material
B2 Impact Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary21 May, 2026
Executive summary
Q1 2026 results exceeded expectations, with EPS up 53% year-over-year and strong strategy execution supported by technology and AI-driven efficiency gains.
High investment activity with NOK 1.8bn invested and committed year-to-date, tracking ahead of plan.
Operating expenses declined by 4% despite higher collections, reflecting disciplined cost management.
Dividend for 2025 set at NOK 1.9 per share, payable in early June.
Credit rating upgraded to BB, reflecting improved financial position.
Financial highlights
Revenues rose 8% to NOK 967m in Q1 2026; EBIT increased 24% to NOK 463m, with EBIT margin up 6pp to 48%.
Net profit surged 54% to NOK 208m; adjusted EPS was NOK 0.56.
Cash collections reached NOK 1,390m, up 3% year-over-year; unsecured collections grew 10%.
Cash EBITDA up 3% to NOK 1,006m; cash margin improved to 68%.
Portfolio investments totaled NOK 742m in Q1 2026.
Outlook and guidance
EPS and ROE are tracking above full-year targets, with expectations for continued outperformance and investment volumes expected to reach at least NOK 3.5bn for 2026.
Full-year investments expected to exceed targets, supporting further earnings growth into 2027 and 2028.
Total dividends of NOK 9 per share targeted for 2025–2028.
REO sales for the year expected around NOK 300 million, providing additional investment capacity.
Continued focus on technology and automation to drive further efficiency.
Impact of AI voice bots on operational costs
Status of 2026 investment volume targets
Performance of repossessed asset sales
AI impact on gross vs net investment returns
Capital reallocation from REO sales to unsecured
Real book value versus reported ERC figures
Partial view of Summaries dataset, powered by Quartr API
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Latest events from B2 Impact
- Q4 2025 saw 17% cash collection and 57% EPS growth, with NOK 1.9 dividend proposed.B2H
Q4 202512 Feb 2026 - Strong Q2 results, lower leverage, and reduced funding costs set up for growth in H2 2024.B2HQ2 202423 Jan 2026
- Q3 2024 delivered strong collections, lower costs, and higher profit after major refinancing.B2HQ3 202416 Jan 2026
- EUR 100m bond tap to fund growth, with strong cash flow and reduced leverage.B2HInvestor presentation13 Jan 2026
- Strong EPS growth, high dividends, and low leverage driven by robust collections and cost control.B2HArctic Nordic Debt Collection Presentation9 Jan 2026
- 41% EPS growth, NOK 1.6bn invested, and record-low bond margin support 2025 targets.B2HQ1 202523 Dec 2025
- Unsecured collections, cost cuts, and high investments drive EPS and dividend growth.B2HQ4 202423 Dec 2025
- Collections, investments, and dividends rose, with improved efficiency and strong outlook.B2HQ2 202523 Nov 2025
- Net profit up 74%, EPS up 73%, and cash collections up 40% year-over-year.B2HQ3 20256 Nov 2025
Next B2 Impact earnings date
Q2 202620 Aug, 2026
B2 Impact
Next B2 Impact earnings date
Q2 202620 Aug, 2026
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