Norway's Axactor ASA Q2 gross revenue falls, EBITDA turns negative

Axactor ASA

13/08/2026 06:10

Overview
Norway debt collection firm's Q2 gross revenue declined yr/yr to EUR 78 mln
Q2 EBITDA turned sharply negative after EUR 320 mln portfolio revaluation
Company completed EUR 215 mln equity raise and EUR 100 mln seed portfolio sale

Outlook
Axactor expects significantly lower cost of funding after equity raise and co-investment partnership
Company anticipates increased investment capacity and substantial shareholder distribution capacity
Axactor expects future collection to be in line with collection curves, no further revaluation needed

Result Drivers
PORTFOLIO REVALUATION - Negative revaluation of EUR 320 mln due to revised future collection assumptions using improved data-driven models
TRANSFORMATIONAL PROJECT - Completion of equity raise, seed portfolio sale, and bond placement at improved margins contributed to deleveraging strategy
CO-INVESTMENT PARTNERSHIP - New partnership with Fortress and first portfolio acquisitions under co-investment structure expected to increase investment capacity

Company press release: ID:nObiSyqyKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Revenue
 
EUR 78 mln
 
Q2 Cash EBITDA
 
EUR 46 mln
 
Q2 EBITDA
 
-EUR 290 mln
 
Q2 Investments
 
EUR 19 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for Axactor ASA is NOK6.05, about 14.2% above its August 12 closing price of NOK5.30

Reuters Recommended Reads
Aug 11 - Norway's Sparebanken Norge Q2 profit rises on lending, fee income growth
Aug 10 - OppFi Q2 adjusted EPS misses estimates as credit losses rise
Aug 12 - Netherlands' ABN Amro Q2 net profit rises as lending and deposit grows

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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.)