Axactor ASA: Third quarter financial results

Financials

Key figures Q3 2024 (change from continuing operations Q3 2023 in brackets)*

• Gross revenue of EUR 86m (up 2%)
• Total income of EUR 55m (down 15%)
• EBITDA of EUR 27m (down 23%)
• Cash EBITDA of EUR 59m (up 6%)
• Annualized return on equity to shareholders of 0% (down 5pp)
• NPL investments of EUR 13m (down 34%)

"I am pleased to see that we deliver 6% Cash EBITDA growth in Q3, despite a challenging collection environment and inflationary pressure on cost. I also really want to thank all our employees working with 3PC. They deliver great services every day to our clients and create impressive financial results. Adjusted for the 3PC exit in Finland and Sweden, total income is up 6% year-over-year and the contribution margin came in at 37%, up from 33% same quarter last year" says Johnny Tsolis, CEO of Axactor.

Presentation

10:00 am CET, 31 October 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 and phone participation will be possible via the following links:
Please note that you need to register before you will be provided with webcast access or phone number, access code and pin.

Webcast
> https://app.webinar.net/DEo4Y1lmwxQ

Phone
> https://www.netroadshow.com/events/login?show=4a5f309a&confId=71041

*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 31 October 2024 at 07:00 CET.