In August 2023, the finance provider completed its transformation programme, resulting in staff layoffs to become more efficient. This initiative, led by former CEO Andreas Ternström, showed positive results in Q3, with lower net loss after cost reductions.
Scout’s focus on B2B growth offset a decline in B2C revenue in 2023, with total revenue reaching SEK31.0m, a 21.1% increase year-on-year. The company aims to achieve profitability in the long term and has seen increased interest from partners for 2024.
Operational costs were significantly reduced in 2023, leading to improved pre-tax losses for Scout. The company also noted improvements in EBITDA and financial performance, setting the stage for continued growth and efficiency.
