Profitable growth and step change in portfolio size
Axactor more than doubled gross revenue to EUR 75 million in the fourth quarter 2018 (EUR 34m), with year-on-year growth in all business segments. EBITDA more than tripled to EUR 20 million (EUR 6m), illustrating the benefits of increasing volumes, improving efficiency and high operational leverage. Cash EBITDA amounted to EUR 45 million (EUR13m). “Axactor has developed from a start-up company to one of the top-10 European debt management companies over the past three years and continued to show strong revenue growth and margin improvement in the fourth quarter 2018. High portfolio