Axactor reports Q4 and full year 2020 results
Oslo, 24 February 2021 Axactor continued the underlying recovery in gross revenue for all business segments in the fourth quarter. Gross revenue for the quarter ended at 94.9 million (98.8), a 14% increase from the third quarter 2020. The decrease compared to the fourth quarter 2019 is mainly attributable to the REO run-off segment. For the full year, gross revenue ended at EUR 328.2 million (368.1). Despite positive underlying development in all three business segments, the Covid-19 pandemic continue to impact Axactor’s figures. As a result, Axactor booked net revaluations on its NPL