Revenues triples in the first quarter of 2019 which closes at 6.3 million euros and focuses decisively on the utility sector

Axactor Italy also announces that it has won an important tender in the utility sector, with a well-known national operator in the sector, for the management of debt collection on behalf of third parties, whose credit lines started from May, will allow the Company to accelerate in increase in volumes currently under management, as well as improving the level of revenue relating to this sector.

Antonio Cataneo, CEO of Axactor Italy commented: "We are undoubtedly satisfied with the results obtained in the first quarter of the year, after only almost 3 years from the start of operations in Italy. During this time we have worked both to expand our product portfolio and to increase the managed value and at the same time we have focused on making the machine operational as efficient as possible. I want to underline that our portfolio of unsecured NPL loans is significant in terms of size and absolute value, having closed 6 transactions in 2018 alone, which raised the managed value to over Euro 1.5 billion. We also closed other deals in the first quarter of 2019 and are currently evaluating new interesting dossiers. So I can say that we look to the future with conscious confidence and with motivated serenity."

The results of the Parent Company Axactor SE were also positive, which in the First Quarter of 2019 compared to the same period of the previous year, closed with a triple-digit growth in turnover (+ 121%) to Euro 91 million, EBITDA tripled which reached the figure of Euro 22.1 million and EBITDA - margin increased to 30%.