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08 August 2019

Axactor Italy

Revenues of the first half of 2019 closes at 11. million euros, registering a growth of over 90% compared to the same period of 2018.

Axactor Italy, part of the International Axactor Group, a leading player in the Italian Credit Management market with over twenty years of experience in the sector, announces that it has closed the first half of 2019 with a turnover of approximately Euro 11.3 million, with a growth of over 90% compared to the same period in 2018.

Among the significant events of the period, we note the acquisition of the remaining 10% held by Banca Sistema by Axactor SE, for which Axactor Italy is now 100% owned by the Group. Furthermore, the period was characterized by the implementation of the necessary actions to make the management of the portfolios purchased at the end of 2018 operational and the decision to enter two high-potential markets, that of utilities and that of UTPs, thanks to two important agreements . The first agreement dates back to May with the award of a tender with a well-known national operator in the utility sector, for the management of debt collection on behalf of third parties. The second with a strategic partnership for the creation of a proposal of complete solutions in the management of secured and unsecured loans to the main financial institutions of the Italian market.

Antonio Cataneo, CEO of Axactor Italy commented: “We are satisfied with the results obtained in the first half, which confirm the goodness of the investments made in recent months. We continue to work hard in a market that is offering excellent opportunities to specialized players with strong specific skills such as Axactor. In particular, we have continued to strengthen the skills and services offered thanks to strategic partnerships and to hire new talents and strengthen the management team to face the second half of the year and 2020 with even more ambitious growth goals as well as the will to create new solutions to be offered on the market."

Also positive were the results of the parent company Axactor SE which in the first half of 2019 closed at Euro 182 million, up by 69% compared to the same period of the previous year, EBITDA at Euro 48 million and EBITDA-margin increased to 33%.

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Filippo Mantovani

Finance Director Italy