Axactor is still growing in Italy, closing the year 2021 with a turnover of 29.1 million euros

Axactor SE, a Group specialized both in the management of impaired loans on behalf of third parties and in the purchase of NPL portfolios, with operating platforms in Finland, Germany, Italy, Norway, Spain and Sweden, announces that the turnover in Italy in 2021 was 29.1 million Euros, confirming and consolidating a growing trend.

Among the significant events that occurred in 2021 in Italy, we note the C.R. Service Sr company’s acquisition (closing on 30 December 2021), one of the main independent platforms in the Servicing market, with a strong specialization in the management of banking and financial products. This operation, in line with the Group's strategic plan, guarantees a solid diversification of the business and consolidates Axactor's positioning as one of the main operators in the credit market in Italy.

The Axactor Group, as already communicated on 1^st March 2022, instead closed 2021, with a total turnover of 344 million euros, up 6% compared to the previous year. The financial statements were approved by the Shareholders' Meeting on 21 April last year.

Antonio Cataneo, Axactor Italy Country Manager says:

“We are satisfied and proud about the result achieved by Axactor in Italy, confirming the growing trend. We continued to focus on greater efficiency in credit management processes under management and we closed the important acquisition of CR Service which allows us to be increasingly competitive on the market with respect to the management of the entire credit life cycle. The results gained are confirming that we are in the right direction.”