Second quarter 2017
* Gross cash collection of NOK 604 million (427)
- up 41% y-o-y
* Operating profit of NOK 217 million (113)
- up 92% y-o-y
* Cash EBITDA of NOK 420 million (264)
- up 59% y-o-y
* ERC at end of month NOK 11,881 million (8,186)
- up 45% y-o-y
(comparable numbers for Q2 2016 in brackets)
B2Holding ("B2H") logged another record quarter in Q2. Strong
cash collection and disciplined cost control resulted in
record-high levels on all key performance indicators.
The Group is experiencing strong momentum in its main markets
and sees substantial growth potential in the current pipeline.
The Group posted a quarterly cash EBITDA of NOK 420 million,
the highest ever and an increase of NOK 156 million (59%)
compared to Q2 2016. The operating profit grew 92% to NOK 217
million and net profit increased to NOK 107 million (+71%).
The Group acquired portfolios for NOK 1,120 million during the
quarter, a new record-high. Over the last 12 months, B2H has
acquired portfolios for approx. NOK 2.8 billion (up 23% y-o-y)
and grown the total gross ERC to approx. NOK 11.9 billion
(up 45% y-o-y). At the end of the quarter, B2H had NOK 1,062
million in investment capacity.
In June, B2H expanded into Denmark by acquiring 100% of the
shares in Nordic Debt Collection A/S (Nodeco). The Group also
acquired a retail unsecured portfolio with face value of
DKK 378 million (NOK 480 million), which already is serviced
by Nodeco. With the new Danish platform, B2H has 19 platforms
spread over Northern Europe, Poland, Central Europe and
Southeast Europe.
For further information, please see the Q2 2017 presentation
and report attached.
The documents are also available on the Company's website:
http://www.b2holding.no
Attachments:
B2Holding ASA - Second quarter report 2017
B2Holding ASA - Second quarter presentation 2017
