Skip to content

HILBERT GROUP PUBLISHES INTERIM REPORT FOR THE THIRD QUARTER 2022

Nov 30, 2022

The third quarter 2022

(compared to third quarter 2021)

  • Revenues amounted to kSEK 10,411.3 (832.9)
  • Operating profit/loss (EBIT) totaled kSEK -7,686.7 (-3,655.6)
  • Result for the period was kSEK -570.7 (-3,342.2)
  • Cash flow from operating activities amounted to kSEK -10,332 (-1,793)
  • Earnings per share before and after dilution amounted to SEK 0.01 (-0.16)

Year to date January — September

  • Revenues amounted to kSEK 22,638.9 (3,492.2)
  • Operating profit/loss (EBIT) totaled kSEK -32,090.9 (-1,649.2)
  • Result for the period was kSEK -15,876.5 (-1,335.8)
  • Cash flow from operating activities amounted to kSEK -16,526 (-424)
  • Earnings per share before and after dilution amounted to SEK -0.29 (-0.14)

Highlights from the CEO’s address

General

The FTX collapse, and related secondary collapses, have nothing to do with digital assets and blockchain, and everything to do with fraudulent behaviour and/or lack of sound corporate governance. History is riddled with examples like this in traditional finance. Lessons to take away:

  • Counterparty risk is to be taken very seriously. Proper due diligence is key.
  • Regulatory reform for centralised exchanges is sorely needed – existing framework from traditional finance exchanges can be adopted, no need to create new laws.
  • Decentralised finance is more robust than centralised finance.
  • More grey hair is needed on the financial side of crypto. Large values are at stake and proper governance and prudence comes from experience. Too many kids around.

Asset Management

In spite of all the debacles of 2022, the institutional interest in crypto remains strong. Most traditional financial institutions realise crypto/blockchain is here to stay. Although market neutral funds are the flavour of choice, more and more institutions are now also looking to assume directional exposure at what they deem to be, favourable price levels. Hilbert Group is now starting to reap the rewards of the strong sales organisation that Richard Murray, CEO of Hilbert Capital, has put together since joining in July.

COIN360

Several important milestones have been completed for Coin360 over the past couple of months. Last quarter we also streamlined the Coin360 organisation and the company is now well positioned to weather any long-lasting crypto winter. Coin360 is majority owned by Hilbert Group.

Venture

Despite a very tough year for crypto markets, HAYVN crypto investment bank has continued to grow strongly throughout 2022 – headline items are:

  • 6x Revenue Growth year-on-year (October).
  • $100+ million in real estate volume via their crypto payment solution, year-to-date.
  • 5 regulators globally have granted HAYVN approval (ADGM, FINMA, CIMA, AUSTRAC and FSC).

HAYVN is also currently considering a bid for the FTX payments business.

For further information, please contact:

Niclas Sandström
CEO Hilbert Group AB
+46 (0)8 502 353 00
ir@hilbert.group

Subscribe to our press releases

Loading...

Latest Press Releases

Nordark’s Largest External Investor John Lilic Increases Stake in Hilbert Group

Hilbert Group AB (Nasdaq: HILB B), the Nordic listed investment firm focused on digital assets and fintech, today announced that the Canadian John Lilic — an early Bitcoin and Ethereum contributor and one of the leading Web3 angel investors globally — has increased his existing stake in Hilbert by purchasing additional Hilbert B-shares for SEK…

Hilbert Group CIO Russell Thompson Invests SEK 25 Million in New Issue

Hilbert Group AB (Nasdaq: HILB B), the Nordic listed investment firm focused on digital assets and fintech, today announced that its Chief Investment Officer, Russell Thompson, has made a substantial personal investment of SEK 25 million in Hilbert B-shares. The subscription will be done at market terms, more specifically at the minimum of SEK 10.08…

Hilbert Group Acquires 100% of Fast-Growing Crypto Banking Platform Nordark

Hilbert Group AB (Nasdaq: HILB B) today announced the acquisition of 100% of Nordark (Nordfinex Holding AB), a rapidly growing crypto banking platform, in an equity-only transaction. The acquisition marks a major milestone in Hilbert’s ambition to establish itself as Europe’s leading full-stack digital finance platform. The deal provides an initial consideration of 2,970,105 Hilbert…

HILBERT GROUP PUBLISHES INTERIM REPORT FOR THE SECOND QUARTER 2025

August 29, 2025 The second quarter 2025 (compared to second quarter 2024) Revenues amounted to KSEK 46,224.2 (KSEK 27,304.1) Operating profit/loss (EBIT) totalled KSEK -18,068.2 (KSEK -13,736.7) Results for the period were KSEK -26,270.8 (KSEK -14,996.8) Net Cash flow from operating activities amounted to KSEK -2,790.4 (KSEK -5,191) Earnings per share before and after dilution…

Press and PR contacts

Careers

We are looking for new talents. Contact us to find out more.

Subscribe to our newsletter

Access the latest news, insights, images, and videos from Hilbert Group.

Hilbert history

Get to know us!