ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter
Intelligence, Insight and community for responsible professionals in credit

Klarna records year-on-year operating income increase

Buy now pay later firm Klarna has recorded a total net operating income of SEK2.9bn (£248m) in the first quarter of 2021, a just under SEK900m (£77m) increase from the first quarter of 2020.

The business - which has more than 90 million active users globally and two million transactions a day - also saw SEK57.6bn (£4.9bn) worth of purchases through the Klarna platform. 


The firm recorded assets totalled SEK78.2bn (£6.7bn) - a year-on-year increase from the SEK45bn (£3.8bn) it made from quarter one in 2020. This included SEK12.7bn (£1bn) from its cash and balances with central banks, and SEK2.5bn (£214m) in intangible assets. In addition to this, it has SEK1.4bn (£120m) worth of assets in bonds and other interest-bearing securities. 


At the end of the first quarter of 2021, it had SEK67.4bn (£5.7bn) worth of total liabilities - up from the SEK40.1bn (£3.4bn) it had at the same time last year. Of this, SEK38.2bn (£3.2bn) came from deposits from the public, SEK4.5bn (£385m) in debt securities in issue and SEK1.6bn (£137m) in accrued expenses and prepaid income. 


Klarna had SEK10.7bn (£917m) in total equity in the first quarter of 2021, a more than SEK5bn (£428m) increase when compared to the SEK4.9bn (£420m) it made in the first quarter of 2020. 

Please login to continue reading this article.

Not a member?

Become a member

FREE registration. No credit card required

Register now
  • Stay up-to-date with industry news and appointments
  • Hear about events first
  • Read 1 free Premium article per month

Become a premium member

From as little as £3.48 per week

Become Premium
  • All the perks of a standard member plus:
  • Access to the entire Credit Strategy website
  • 12 months subscription to Credit Strategy Magazine
  • 25% discount to all conferences
  • Exclusive access to Premium Member only roundtables
  • 50% off award entry fees

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Phillips & Cohen launches new data management platform

Phillips & Cohen launches new data management platform

Women in Credit 2021 shortlist confirmed

Women in Credit 2021 shortlist confirmed

Hurricane Energy net free cash position "proves liquidity" 

Hurricane Energy net free cash position "proves liquidity" 

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group