Brief: B2holding Q1 EBIT Up At NOK 330 Mln

B2 Impact ASA

20/05/2021 06:04

May 20 (Reuters) - B2holding ASA  B2H.OL :
    * Q1 PROFIT AFTER TAX 130 MILLION NOK VERSUS 24 MILLION NOK
YEAR
AGO
    * Q1 EARNINGS PER SHARE 0.32 NOK VERSUS 0.06 NOK YEAR AGO
    * FIRST QUARTER 2021 RESULTS
    * Q1 GROSS COLLECTION OF NOK 1,494 MILLION (1,433) - UP 4 %
Y-O-Y
    * Q1 EBIT OF NOK 330 MILLION (255) - UP 30 % Y-O-Y
    * Q1 CASH EBITDA OF NOK 1,014 MILLION (881) - UP 15 % Y-O-Y
    * COLLECTIONS AND RECOVERIES PROGRESSED WELL AND WERE ABOVE
EXPECTATIONS OF LATEST FORECAST.
    * Q1 SHOWED STRONG PERFORMANCE, WITH BOTH UNSECURED
COLLECTIONS
AND SECURED RECOVERIES PERFORMING BETTER THAN EXPECTED
    * GROUP OBSERVE SIGNS OF INCREASED ACTIVITY AND EXPECT A
MORE
ACTIVE MARKET IN SECOND HALF OF 2021 AND INTO 2022.

Source text for Eikon:  ID:nObizThbVa 
Further company coverage:  B2H.OL 

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