Q1 report January – March 2019
Highlights first quarter 2019 Net collections increased by 72% to EUR 18.1M (Q1 2018 EUR 10.5M)** Cash EBITDA increased by 85% and amounted to EUR 16.4M (Q1 2018: EUR 8.9M) Net loss for the period of EUR 0.5M (Q1 2018: profit of EUR 0.9M) Cash on hand available for investment at the end of March 2019 was EUR 61M (Q4 2018: EUR 57M) Secured super senior revolving credit facility of EUR 27M significantly lowering the cost of funding, priced at Euribor plus a margin of 350 basis points and available for a period of up to two years Sale of portfolios in Russia resulted in EUR