Q1 report January – March 2019
Highlights first quarter 2019Net collections increased by 77% to EUR 18.9M (Q1 2018 EUR 10.7M)** Cash EBITDA increased by 95% and amounted to EUR 16.8M (Q1 2018: EUR 8.6M) Net profit for the period of EUR 0.0M (Q1 2018: EUR 1.0M) Gross ERC at the end of March 2019 was EUR 217M (Q4 2018: EUR 240M)*** Cash on hand available for investment at the end of March 2019 was EUR 63M (Q4 2018: EUR 60M) Secured super senior RCF of EUR 27M significantly lowering the cost of funding, priced at Euribor plus a margin of 350 basis points and available for period of up to two years Sale