Klarna Business Update
Income statement
Amounts in SEKm
Total net operating income
Total operating expenses before credit losses
Operating profit before credit losses, net
Credit losses, net
Credit losses, net (excl. additional reserve)
Operating profit
Net profit for the period
Numbers may not sum due to rounding.
Jan-Jun 2020
4,557
-4,015
542
-1,194
-1,067
-652
-522
Jan-Jun 2019
3,329
-2,776
554
-618
-618
-65
-73
■ Total net operating income growth of 37% to SEK 4.6bn,
driven primarily by growth in net interest income of 17%
and growth in commission income of 43%.
■ Growth in commission income driven by increased
sales volumes and higher consumer activity across all
markets but especially in the US and UK market.
■ Total operating expenses before credit losses grew
45% to SEK 4bn, in line with plan as the commitment
stands to further invest to deliver value in terms of
brand awareness and a consumer-friendly product
range.
■ Credit quality remains steady and at low levels in core
markets and is steadily improving in newer markets.
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