DDM Holding AG and DDM Treasury Sweden AB: Year-end report 2014
DDM Holding AG (First North: DDM), a multinational investor and manager of distressed assets, and its subsidiary DDM Treasury Sweden AB (publ) today announced their year-end 2014 interim reports.
The complete interim reports are available on the group’s website, www.ddm-group.ch.
Commenting on the results, Mr. Gustav Hultgren, CEO of DDM Holding AG, said:
“DDM continues to increase its ERC (Estimated Remaining Collections) through new investments. Gross ERC has increased 57% since the end of second quarter 2014 (the first reporting point) and increased 7% during the fourth quarter despite being impacted negatively by EUR 5.9M due to the weakness in the RUB. As a result of the increased investments net collections in Q4 2014 amounted to EUR 6.3M, an increase of 140% compared to Q3 2014, which is partly driven by some investments that has yielded collections faster than forecasted.”
In the market outlook, Mr Hultgren said: “We continue to see increasing opportunities for profitable growth of our investment portfolio as a direct result of our penetration into new markets coupled with a continuous strong and growing pipeline.”
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 is a multinational investor and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, with over 2 million receivables in nominal value over EUR 1.4 billion.