Q1 report January - March 2020
Strong collections and strategic investment in challenging marketHighlights first quarter 2020 · Net collections amounted to EUR 19.5M (18.9)* · Cash EBITDA amounted to EUR 17.2M (16.8)* · Unrealized FX losses of EUR 2.4M driven by unfavorable movements of Croatian Kuna and Hungarian Forint on the back of COVID-19 · Net loss for the period of EUR 0.1M (profit of 0.0)* · Gross ERC at the end of March 2020 was EUR 308M (328 at December 2019) · Strategic investment acquired 9.9% stake in Addiko Bank AG, totaling approximately EUR 30M, and exercised a call option to acquire