08 May 2024

Axactor Italy

Press release

Axactor: rising performance in the Italian market

The Italian division of Axactor Group consolidates its positioning with revenues of 48.5 million euros in 2023.

The presence of the Axactor Group, a multinational specialized in the purchase of NPL portfolios and in the management of third-party credits, is growing in Italy, with operating platforms in Finland, Germany, Italy, Norway, Spain and Sweden, which announces the financial results obtained during the 2023 by the two companies operating on the local market, Axactor Italy and C.R. Service.

With an increase of 15% compared to the previous year and revenues exceeding 48 million euros, Axactor closes another year in Italy with a plus sign. The constant positive performance confirms the growth trend in the national context and further consolidates the Group's position and future prospects in the NPE market.

With the dual role of Servicer - through the C.R. company Service, acquired at the end of 2021 - and as an Investor in the purchase of NPL portfolios through Axactor Italy, the Group accelerates its development path in both business lines.

Also on a global level, the Axactor ASA Group records growing results in 2023 with revenues of 344 million Euros, Ebitda of 132 million Euros and Net Profit of 34 million Euros.

“The 2023 financial performance confirms our growth trajectory, both locally and globally,” says Antonio Cataneo, CEO of Axactor Italy and C.R. Service. “The organic growth of the last year is attributable to a significant increase in both recoveries deriving from proprietary portfolios and those relating to the third party credit management business line. These results demonstrate our continued commitment to establishing innovative and high-quality strategies in the non-performing loan sector, consolidating our position both domestically and globally."

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Alessandro Scorsone

Sales & Marketing Director Italy