DDM Treasury Sweden AB: Q4 and full year report January - December 2016
Strong cash flows from portfoliosHighlights 2016 · Net collections decreased by 2% to SEK 223.1M (2015: SEK 228.6M) · Cash EBITDA decreased by 7% and amounted to SEK 189.0M (2015: SEK 202.7M) · Net loss for the year of SEK 2.9M (2015: profit of SEK 36.0M) · A large Hungarian transaction formally closed at the end of April 2016, resulting in significantly stronger cash flows · The SEK 31M 18% subordinated notes were repaid on their final maturity date of 30 September 2016, decreasing future financial expenses and the average cost of borrowing Highlights fourth quarter