DDM Treasury Sweden AB: Financial results January-September 2014 (correction)

DDM Treasury Sweden AB (publ) (NGM: DDM 1) has today amended Note 1 in its Q3 2014 interim report. Net collections and revenues for the period 1 January-30 September 2014 have been corrected and the complete table on page 13 in the interim report should read as follows:

DDM Treasury Sweden AB jan-sep 2014 correctedNote 1

GEOGRAPHICAL REGIONS

SEK M 2014-01-01– 2014-07-01– 2014-04-01– 2014-01-01–
2014-09-30 2014-09-30 2014-06-30 2014-03-31
Country
Romania 46.0 13.5 14.7 17.8
Russia 25.5 10.5 7.1 7.8
Slovenia 2.8 0.1 2.7 0.0
Total net collections 74.3 24.1 24.5 25.6
Amortisation and depreciation -56.5 -16.2 -14.6 -25.5
Revaluation purchased debt 27.0 3.0 8.7 15.2
Revenues from external customers 44.8 10.9 18.6 15.3

The correct table, and subsequent amendments including the table on page 1, are included in the attached Q3 2014 interim report and is also available on the company’s website, www.ddm-group.ch. The above corrections have no impact on the net result for the period, nor the financial results of the ultimate parent company, DDM Holding AG.

For more information, please contact:

Anders Antonsson, Investor Relations
Mail: a.antonsson@ddm-group.ch | 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.

Tags:

About Us

DDM Treasury AB (publ) is a subsidiary of DDM Holding AG (First North: DDM) a leading acquirer and manager of distressed assets, offering the prospect of attractive returns from the expanding Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 2 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North in Stockholm, Sweden, since August 2014.