Axactor doubles EBITDA to EUR 20 million in Q3
Axactor continued its profitable growth journey in the third quarter, driven by high growth in the NPL segment. Gross revenue increased by 55% to EUR 87.3 million and EBITDA doubled to EUR 20 million. Profit before tax amounted to EUR 6.3 million, up from EUR 0.8 million in the same period last year. Net profit amounted to EUR 3.7 million (0.4) for the third quarter 2019, of which EUR 4.5 million to equity holders (1.3) and EUR -0.8 million to non-controlling interests (-0.9). “Increased volumes continue to generate scale benefits and drive operating margins in the right direction.