Collections stronger than expected from major portfolios
Highlights first quarter 2015
Net collections during the first quarter 2015 increased by 14 percent to SEK 29.3M (25.6)
Cash EBITDA amounted to SEK 28.3M (23.2)
After the balance sheet date, a process was initiated to extend the tenor of DDM Treasury’s existing SEK 300M senior bond and increasing framework to SEK 700M
Excerpts from the three month report:
Comment by the CEO:
"Net collections during the quarter rose to SEK 29.3M, a significant 14% increase compared to the first quarter of 2014. This significant increase in collections was partly driven by some portfolios performing better than the average collection curve."
For more information, please contact:
Anders Antonsson, Investor Relations
Mail: email@example.com | Tel: 46 8 4080 9030
DDM Treasury Sweden AB (publ) (NGM: DDM1) is a subsidiary wholly owned by DDM Holding AG. DDM Holding AG (First North: DDM) is a leading multinational investor and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, with 2.2 million receivables in nominal value over EUR 1.7 billion.