Fourth quarter 2016
* Gross cash collection of NOK 556 million (415)
- up 34% y-o-y
* Operating profit of NOK 151 million (108)
- up 40% y-o-y
* Cash EBITDA of NOK 349 million (241)
- up 45% y-o-y
* ERC at end of month NOK 9,489 million (6,490)
- up 46% y-o-y
Year end 2016
* Gross cash collection of NOK 1,870 million (1,339)
- up 40% y-o-y
* Operating profit of NOK 516 million (377)
- up 37% y-o-y
* Cash EBITDA of NOK 1,210 million (829)
- up 46% y-o-y
* Portfolio acquisitions of NOK 2,584 million (1,358)
- up 90% y-o-y
(Comparable numbers for Q4 and year end 2015 in brackets)
The Group posted a record-high quarterly cash EBITDA of NOK 349
million, an increase of NOK 108 million (45%) compared to Q4 2015
and an increase of NOK 24 million (7%) compared to Q3 2016.
The Group successfully acquired portfolios for NOK 1,054 million in
Q4 2016 and has acquired portfolios for NOK 2,584 million in 2016
(up 90% y-o-y, record quarter and year). Total gross ERC grew by NOK
1,475m (18%) to NOK 9,489m for the full year 2016.
B2Holding continued to show strong operational performance, and the
Group has strengthened its position by further geographical
expansion into Hungary, Greece and Bosnia Herzegovina. Furthermore,
a process for expansion into Italy has been initiated. We see high
activity in most markets where we operate.
The Board proposes to the AGM to approve a dividend of NOK 0.15 per
share, which is in line with the dividend policy applicable for the
year 2016.
For further information, please see the presentation and the Q4 2016
report attached.
The documents are also available on the Company's website:
http://www.b2holding.no
Attachments:
B2Holding ASA - Fourth quarter presentation 2016
B2Holding ASA - Fourth quarter and preliminary results 2016
