First quarter 2017
* Gross cash collection of NOK 575 million (413)
- up 39% y-o-y
* Operating profit of NOK 213 million (85)
- up 151% y-o-y
* Cash EBITDA of NOK 399 million (272)
- up 47% y-o-y
* ERC at end of month NOK 9,852 million (6,822)
- up 44% y-o-y
(comparable numbers for Q1 2016 in brackets)
B2Holding ("B2H") displayed record strong operating performance
during the first quarter of 2017, resulting in a record high EBITDA
and operating margin. The gross collection was better than the
expected, and strong cost control was maintained. The Group is well
positioned for further growth with operating platforms in 18 markets
and significant investment capacity.
The Group posted a record-high quarterly cash EBITDA of NOK 399
million, an increase of NOK 127 million (47%) compared to Q1 2016
and an increase of NOK 50 million (14%) compared to Q4 2016.
The Group successfully acquired portfolios for NOK 340 million in
the quarter, distributed over all geographies present. Over the last
12 months, B2H has acquired portfolios for NOK 2,476 million (up 42%
y-o-y) and grown the total gross ERC to NOK 9,852m (up 44% y-o-y).
As of Q1 2017, B2H had approx. NOK 1.85bn in investment capacity.
During the quarter, B2H has strengthened its position as a leading
pan-European debt collector by establishing new collection platforms
in Italy, Czech Republic and Lithuania. The Group now has 18
platforms and portfolios in 17 countries. B2H's core markets are
Northern Europe ("NE"), Poland, Central Europe ("CE") and Southeast
Europe ("SEE").
For further information, please see the presentation and the Q1 2017
report attached.
The documents are also available on the Company's website:
http://www.b2holding.no
Attachments:
B2Holding ASA - First quarter presentation 2017
B2Holding ASA - First quarter report 2017
