02 November 2023, 07:00 CET
Axactor ASA: Third quarter financial results
(Oslo, 2 November 2023) Axactor ASA (Axactor, OSE: ACR) announce third quarter financial results.
Key figures Q3 2023 for continuing operations (change from Q3 2022 in brackets)*
- Gross revenue of EUR 84m (up 3%)
- Total income of EUR 64m (up 9%)
- EBITDA of EUR 34m (up 15%)
- Cash EBITDA of EUR 55m (up 2%)
- Annualized return on equity 6% (down 4ppt)
- NPL investments of EUR 19m (down 72%)
“During the quarter we have successfully refinanced our 2024 bond maturity, and I am pleased to see that we now have no further credit maturities until June 2026. This gives us security in a turbulent financial market. Our plan is to use the available proceeds from the refinancing to invest in highly accretive portfolios going forward. Furthermore, I am satisfied to see continued growth on a range of key financial metrics, such as gross revenue and cash EBITDA” says Johnny Tsolis, CEO of Axactor.
10:00 am CET, 2 November 2023: 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: 632891
- Norway: +47 81 50 33 08
- Sweden: +46 10 884 80 16
- Denmark: +45 89 87 50 45
- United Kingdom: +44 20 4587 0498
- 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
To learn more about Axactor, visit www.axactor.com
*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 36-38 of the third 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 2 November 2023 at 07:00 CET.