Brief: Axactor Expects Current Trends To Remain Through Q4, Into Early 2024

Axactor ASA

02/11/2023 07:09

Nov 2 (Reuters) - Axactor ASA  ACR.OL :
    * EXPECT CURRENT TRENDS TO REMAIN THROUGH FINAL QUARTER OF
THE
YEAR, AND INTO THE EARLY STAGES OF 2024
    * OPERATIONS IN SOUTHERN EUROPE ARE PERFORMING WELL WITH
LIMITED
IMPACTS FROM HIGH INFLATION. INCREASING INTEREST RATES
    * NORDIC COUNTRIES, GERMANY SEE DEBTORS OPTING  FOR LONGER
PAYMENT
PLANS WITH LOWER MONTHLY INSTALLMENTS AT EXPENSE OF LARGER
SETTLEMENTS
    * CASH FLOW FROM THE NORDIC  BAILIFFS ALSO REMAIN NEGATIVELY
IMPACTED
    * IS CONFIDENT THAT NEW, FAIR PRICE LEVEL WILL BE REACHED
FOR
BROADER MARKET AS SUPPLY IS EXPECTED TO INCREASE THROUGH HIGHER
DEFAULT RATES
    * NPL SEGMENT IS NONETHELESS EXPECTED TO  SEE CONTINUED
GROSS
REVENUE GROWTH COMPARED TO LAST YEAR

Source text for Eikon:  ID:nObitlFTRa 
Further company coverage:  ACR.OL 

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