Brief: Eurocastle Investment Announces Q3 Dividend Of 0.15 Euros Per Share

Eurocastle Investment

15/11/2018 07:09

Nov 15 (Reuters) - EUROCASTLE INVESTMENT LTD  ECT.AS :
    * ANNOUNCES Q3 DIVIDEND OF EUR 0.15 PER SHARE
    * TENDER OFFER TO REPURCHASE UP TO EUR 15 MILLION OF
ORDINARY
SHARES AT EUR 6.50 PER ORDINARY SHARE
    * STRONG OPERATIONAL RESULTS FOR 9-NONTH WITH EBITDA (EUR
54.4
MILLION) AND NET INCOME (EUR 34.8 MILLION)
    * KEY DRIVERS WERE PROGRESSIVE ON-BOARDING OF EUR 12.1
BILLION OF
NEW MANDATES, HELPING TAKE GROSS COLLECTIONS TO EUR 1.33
BILLION,
    * AN INCREASE IN EBITDA MARGIN BY 5% TO 34% DEMONSTRATING
OPERATIONAL LEVERAGE OF BUSINESS
    * RECENTLY AWARDED TWO NEW MANDATES WITH A TOTAL GBV OF EUR
2.8
BILLION
    * TOTAL NEW SERVICING CONTRACTS FOR YEAR TO EUR 15 BILLION
GBV AND
TOTAL AUM TO EUR 84 BILLION
    * Q3 NET ASSET VALUE OF EUR 418.7 MILLION

Source text for Eikon:  ID:nGNE6p2YBH 
Further company coverage:  ECT.AS 

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