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PRELIMINARY Q4 2022 FINANCIALS*
- NPL investments increasing to
- 5% growth on 3PC revenue in the fourth quarter compared to last year
- Gross IRR on the total book lifted from 15.7% to 17.3% over the last 7 quarters
- The 2022 vintage secured at an attractive and accretive gross IRR level of 21.3%
- Collection performance came in at 99% in the fourth quarter and for the full year
- We see strong cost control in all markets and expect 2022 to come in at an all-time low cost-to-collect
- Current hedge: 1-year duration,
"I am pleased to see increased and accretive investments for the quarter, securing future growth. Furthermore, we deliver another solid and stable quarter on collection performance and have a satisfying interest rate protection in place for 2023" says
FINANCIAL TARGETS
Growth
- 2023: NPL investments of
- 2024 and beyond: NPL investments of
Profit
- 2023: Minimum 9% return on equity
- 2024 and beyond: Reference is made to the attached presentation for underlying long-term potential
Returns
- 20-50% dividend pay-out ratio based on FY 2023 results and onwards
Leverage
- Maximum leverage of 3.5x at year-end 2023 and onwards (NIBD/pro-forma adjusted cash EBITDA)
PRESENTATION
Webcast participation will be possible via the following:
Streaming
- https://streams.eventcdn.net/axactor/announcement-of-financial-targets/
Phone
- Dial-in pin: 833120
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For additional information, please contact:
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com
To learn more about
*Please note that the numbers are preliminary and unaudited. Please refer to the Q3 2022 report for terms and abbreviations.
https://news.cision.com/axactor-asa/r/axactor-asa--financial-targets-and-preliminary-q4-financials,c3695529
https://mb.cision.com/Public/852/3695529/bc7f418348b9335a.pdf
https://news.cision.com/axactor-asa/i/international-011,c3131903
(c) 2023 Cision. All rights reserved., source