Axactor ASA: Second quarter and first half year financial results
(Oslo, 17 August 2023) Axactor ASA (Axactor, OSE: ACR) announce second quarter and first half year financial results.
Key figures Q2 2023 for continuing operations (change from Q2 2022 in brackets)*
- Gross revenue of EUR 91m (up 5%)
- Total income of EUR 65m (up 8%)
- EBITDA of EUR 33m (up 9%)
- Cash EBITDA of EUR 60m (up 4%)
- Return on equity 11% (down 2ppt)
- NPL investments of EUR 40m (down 14%)
Key figures H1 2023 for continuing operations (change from H1 2022 in brackets)*
- Gross revenue of EUR 174m (up 5%)
- Total income of EUR 127m (up 8%)
- EBITDA of EUR 63m (up 9%)
- Cash EBITDA of EUR 111m (up 4%)
- Return on equity 9% (down 1ppt)
- NPL investments of EUR 73m (down 42%)
"We continue to deliver profitable growth and are pleased to see a return on equity of 11% for the second quarter. Despite the macroeconomic turmoil, we see stability in earnings with a satisfying EBITDA margin of around 50% for the last six quarters. We will continue our dedicated work to improve collection efficiency and remain price disciplined" says Johnny Tsolis, CEO of Axactor.
10:00 am CET, 17 August 2023: 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 on axactor.com.
Webcast participation will be possible via the following:
- Dial-in pin: 520967
- 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
For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
To learn more about Axactor, visit www.axactor.com
*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 39-41 of the second 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 17 August 2023 at 07:00 CET.