(Oslo ,7 May 2024 )Axactor ASA (Axactor , OSE: ACR) announce first quarter financial results. Key figures Q1 2024 (change from continuing operations Q1 2023 in brackets)* - Gross revenue ofEUR 79m (down 4%) - Total income ofEUR 57m (down 9%) - EBITDA ofEUR 26m (down 14%) - Cash EBITDA ofEUR 49m (down 5%) - Annualized return on equity 1% (down 6ppt) - NPL investments ofEUR 11m (down 67%) "First quarter was a soft quarter forAxactor . Low investments in 2023 and so far in 2024, a challenging collection environment and elevated interest rates puts pressure on the financial result. Despite the challenges I am extremely proud of all the employees and their achievements during the quarter. We have successfully conducted several performance improvement projects, renegotiated 3PC contracts at favourable terms and improved the organizational structure to facilitate increased knowledge sharing across countries" saysJohnny Tsolis , CEO ofAxactor . Presentations10:00 am CEST ,7 May 2024 : The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available after the live stream is concluded on axactor.com. Webcast participation will be possible via the following: Streaming - https://eu-app.webinar.net/rneL3kd2KmG Phone - Dial-in pin: 715740 -Norway : +47 815 03 308 -Sweden : +46 10 884 80 16 -Denmark : +45 89 87 50 45 -United Kingdom : +44 20 3936 2999 -United States : +1 646 664 1960 For additional information, please contact:Johnny Tsolis , CEO,Axactor Tel: +47 913 35 461 E-mail: johnny.tsolis@axactor.comKyrre Svae , Chief of Strategy & IR,Axactor Tel: +47 478 39 405 E-mail: kyrre.svae@axactor.com To learn more aboutAxactor , visit www.axactor.com *EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 34-36 of the third quarter financial report. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byKyrre Svae , Chief of Strategy & IR atAxactor ASA , on7 May 2024 at07:00 CEST .
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