(Oslo, 2023-08-23)

Second quarter financial highlights:
 * Cash collection of NOK 1,513 million (1,246) 
  - up 21% y-o-y

*REO sales of NOK 104 million (103)
  - up 1% y-o-y

* Cash EBITDA of NOK 1,151 million (949) 
  - up 21% y-o-y

* Adj. EBIT of NOK 496 million (330)
  - up 50% y-o-y

*Adj. Net profit of NOK 182 million (173)
  - up 5% y-o-y

(Comparable numbers for Q2 2022 in brackets)

B2Holding had net revenues of NOK 1,031 million in the second quarter and gross
collections including SPVs and joint ventures of NOK 1,521 million. Collections
and recoveries remained strong in the second quarter. 

Cash EBITDA was NOK 1,151 million and adjusted EBIT was NOK 496 million.
Adjusted Net profit was NOK 182 million equivalent to adjusted earnings per
share of NOK 0.48. 

B2Holding invested NOK 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 was NOK 23.9 billion. At the end of the second quarter, the Group had
spent and committed volumes of NOK 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
a EUR 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 in May 2024 (B2H05) and the full amount of the EUR 610 million in
the facility now matures on 30 June 2025. 

The Group holds two senior unsecured bond loans for a total of EUR 500 million.
The Group holds no treasury bonds after full repayment of B2H04. 

"The second quarter was another strong quarter for B2Holding. 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 committed NOK 2.2 billion for 2023, and
we maintain our investment target of NOK 2.5-3 billion in portfolio acquisitions
for the full year," said Erik Just Johnsen, CEO B2Holding ASA.

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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 from 08:30 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 

or

André 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.


About B2Holding 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 in Oslo, Norway and the B2Holding share is listed on the Oslo
Stock Exchange under the ticker "B2H".

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange