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ACR Axactor ASA News Story

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Norway's Axactor Q4 total revenue rises

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

MetricBeat/MissActualConsensus Estimate
Q4 Total IncomeEUR 68 mln
Q4 Gross RevenueEUR 99 mln
Q4 Adjusted EBITDAEUR 67 mln
Q4 EBITDAEUR 35 mln
Q4 ROE14.00%
Press Release: ID:nObiYvSHja For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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