(Oslo , 2023-08-23) Second quarter financial highlights: * Cash collection ofNOK 1,513 million (1,246) - up 21% y-o-y *REO sales ofNOK 104 million (103) - up 1% y-o-y * Cash EBITDA ofNOK 1,151 million (949) - up 21% y-o-y * Adj. EBIT ofNOK 496 million (330) - up 50% y-o-y *Adj. Net profit ofNOK 182 million (173) - up 5% y-o-y (Comparable numbers for Q2 2022 in brackets)B2Holding had net revenues ofNOK 1,031 million in the second quarter and gross collections including SPVs and joint ventures ofNOK 1,521 million . Collections and recoveries remained strong in the second quarter. Cash EBITDA wasNOK 1,151 million and adjusted EBIT wasNOK 496 million . Adjusted Net profit wasNOK 182 million equivalent to adjusted earnings per share ofNOK 0.48 .B2Holding investedNOK 795 million in new portfolios in the second quarter. Of the invested amount 62 per cent were unsecured one-offs, 35 per cent were unsecured forward flows, and 3 per cent were secured. At the end of the quarter, the ERC wasNOK 23.9 billion . At the end of the second quarter, the Group had spent and committed volumes ofNOK 2.2 billion for 2023.B2Holding has a solid and diversified funding structure to support further growth. The healthy capital structure and leverage ensure liquidity and financial flexibility to deliver on the strategy going forward. The Group holds aEUR 610 million senior secured revolving credit facility (RCF). The Group recently agreed to amend the RCF which now allows for full refinancing of the bond maturing inMay 2024 (B2H05) and the full amount of theEUR 610 million in the facility now matures on30 June 2025 . The Group holds two senior unsecured bond loans for a total ofEUR 500 million . The Group holds no treasury bonds after full repayment of B2H04. "The second quarter was another strong quarter forB2Holding . Our unsecured collections were once again ahead of forecast, and secured cash collections and REO sales were solid. We have seen stable operating expenses despite an increase in collection volume, and we continue to focus on further cost reduction initiatives to mitigate inflation and increased cost of funding. At the end of the second quarter, we have invested and committedNOK 2.2 billion for 2023, and we maintain our investment target ofNOK 2.5-3 billion in portfolio acquisitions for the full year," saidErik Just Johnsen , CEOB2Holding ASA . -------------- For further information, please see the Q2 2023 presentation and report attached. The documents are also available on the Company's website: www.b2holding.no Definitions of alternative performance measures can be found in the report and presentation. The results will be presented in an audiocast from08:30 CEST today through this link: https://b2holding.eventcdn.net/events/half-yearly-report-2023 Live viewers can submit their written questions for the Q&A in the provided form in the audiocast player. A recorded version of the audiocast will be available on-demand after the live stream is concluded. For further information, please contact:Rasmus Hansson Head of Commercial Strategy and Investor Relations Mobile: +47 952 55 842 E-mail: rh@b2holding.no orAndré Adolfsen CFO Mobile: +47 930 19 150 E-mail: aad@b2holding.no This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. AboutB2Holding Group B2Holding ASA is a Nordic-based debt solutions provider with platforms in over 20 European countries.B2Holding has experienced significant growth since its inception in 2011 and has established itself as one of the leading European debt purchasers and a solution-oriented partner within the debt servicing industry. The head office is inOslo, Norway and theB2Holding share is listed on theOslo Stock Exchange under the ticker "B2H".
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