Q1 2020 Resurs Holding AB (publ) Earnings Call Transcript
Good morning and welcome to Resurs Holding Q1 Report Event. We have CEO, Kenneth Nilsson, with us today; interim CFO, Christina Kassberg; and Head of Credit, Stefan Noderen. (Operator Instructions)
Kenneth Nilsson has the floor. Please go ahead.
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Thank you very much, and good morning, everyone, to this Q1 2020 presentation. We're going to get straight into the first slide, performance of the quarter. And during Q1, Resurs grew total lending by 7% compared to Q1 2019. This is lower than expected, but given the current situation, we're satisfied. We lost some revenue during March, not least because traveling came to a halt and foreign transactions on Supreme Card disappeared momentarily and some of our revenue. We had a slowdown in retail finance and consumer loans, which also meant that we missed out on some expected revenue. But all in all, we grew revenue by 4% compared to last year.
We also have some extraordinary events, such as the fact that our portfolio
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