Axactor ASA: Second quarter financial results

Financials

Key figures Q2, 2024 (change from continuing operations Q2 2023 in brackets)*

• Gross revenue of EUR 89m (down 2%)
• Total income of EUR 59m (down 9%)
• EBITDA of EUR 30m (down 7%)
• Cash EBITDA of EUR 61m (up 3%)
• Annualized return on equity 4% (down 6ppt)
• NPL investments of EUR 70m (up 75%)

"I am pleased to see that we deliver 3% Cash EBITDA growth in Q2, despite a challenging collection environment and inflationary pressure on cost. Investments in 2023 were low, so the key driver here is strict cost control. Furthermore, we were able to invest EUR 70m in NPL portfolios at attractive prices, which is the highest investment level in 6 quarters" says Johnny Tsolis, CEO of Axactor.

Presentation

10:00 am CEST, 15 August 2024: 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.

Webcast participation will be possible via the following:

Streaming
> https://eu-app.webinar.net/GmlVN4Mr05K

Phone
Dial-in pin: 547 245

> 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

*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 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 15 August 2024 at 07:00 CEST.