Overview
Norway debt manager's Q4 total revenue rises
Gross revenue for Q4 grew 6% yr/yr
Net profit after tax reached EUR 9 mln, up from a loss last year
Outlook
Axactor aims to ramp up accretive NPL investments
Company targets double-digit growth on 3PC segment
Result Drivers
NPL AND 3PC GROWTH - Axactor reported 3% growth in Non-Performing Loans and 16% growth in Third-Party Collection year-over-year
FOCUS ON NPL INVESTMENTS - CEO Johnny Tsolis stated the company aims to ramp up accretive NPL investments and maintain double-digit growth in 3PC
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Total Income
EUR 68 mln
Q4 Gross Revenue
EUR 99 mln
Q4 Adjusted EBITDA
EUR 67 mln
Q4 EBITDA
EUR 35 mln
Q4 ROE
14.00%
Press Release: ID:nObiYvSHja
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)