Klarna’s Net Loss Widens After 64% Surge in Provisions

Klarna Group Plc had to set aside more money for potentially souring loans in the second quarter, a move that put pressure on results ahead of its expected public debut.

The company said provisions rose 64% to $174 million in the three months ending in June, according to a statement. At the same time, credit losses in the period remained low, representing less than 1% of gross merchandise volume.