17 February 2023, 07:00 CET
Axactor ASA: Fourth quarter financial results
(Oslo, 17 February 2023) Axactor ASA (Axactor, OSE: ACR) announce fourth quarter financial results.
Key figures Q4 and full year 2022 for continuing operations (Change from Q4 and full year 2021 in brackets)*
- Q4: EUR 89m (up 13%)
- FY2022: EUR 337m (up 10%)
- Q4: EUR 63m (up 351%)
- FY2022: EUR 240m (up 51%)
- Q4: EUR 31m (up from EUR -17m)
- FY2022: EUR 119m (up 194%)
- Q4: EUR 58m (up 18%)
- FY2022: EUR 218m (up 14%)
Return on equity
- Q4: 10% (up 42pp)
- FY2022: 10% (up 16pp)
- Q4: EUR 93m (up 74%)
- FY2022: EUR 288m (up 153%)
"We deliver a solid quarter with EUR 10m in profit after tax and a cash EBITDA growth of 18% y-o-y on continuing operations. I am pleased to see that despite the pandemic during the start of the year, and elevated inflation and interest rates, 2022 is a significant step in the right direction for Axactor. Axactor deliver 10% return on equity and a cash EBITDA growth of 14% in 2022 on continuing operation. We have further improved our cost position during the year and can report an industry leading NPL cost-to-collect of 39% in 2022. The leading cost position becomes visible through a solid EBITDA-margin of 50% for the year" says Johnny Tsolis, CEO of Axactor.
10:00 am CET: The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available after the live stream is concluded on axactor.com.
Webcast participation will be possible via the following:
- Dial-in pin: 478639
- Norway: +47 81 50 33 08
- Sweden: +46 10 884 80 16
- Denmark: +45 89 87 50 45
- United Kingdom: +44 20 3936 2999
- United States: +1 646 664 1960
For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 37-39 of the fourth quarter financial report.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA, on 17 February 2023 at 07:00 CET.
Quarterly Report - Q4 - 2022
Axactor Q4-2022 Presentation