Q1 report January - March 2020
Strong collections and strategic investment in challenging marketHighlights first quarter 2020 · Net collections amounted to EUR 19.3M (18.1)* · Cash EBITDA amounted to EUR 16.9M (16.4)* · Unrealized FX losses of EUR 2.1M driven by unfavorable movements of Croatian Kuna and Hungarian Forint on the back of COVID-19 · Net profit for the period of EUR 0.5M (loss of 0.5)* · Strategic investment acquired 9.9% stake in Addiko Bank AG, totaling approximately EUR 30M, and exercised a call option to acquire a further 10.1% that is subject to regulatory approval · Buy-out of