Hamburg, 2016-Aug-16 — /EPR Retail News/ — EOS Consolidated, which is headquartered in Hamburg, recorded a successful performance in fiscal 2015/16. Its EBT of EUR 181.4 million was well above the previous year’s result. The international debt collection company was also able to increase its sales to EUR 596.1 million.
“We have achieved the best result in our history to date. This success is attributable to our systematic focus on our core business of providing high-quality receivables management services,” says Hans-Werner Scherer, Chairman of the EOS Group’s Board of Directors. The Board once again invested heavily in receivables purchases and managed in particular to increase productivity in receivables processing. “This means that we have laid a solid foundation for the future,” says Scherer. In addition, the encouraging improvement in the result compared to the previous year was influenced by revenues from the sale of the Group’s interests in business information service Bürgel.
Overview of key performance indicators:
|Sales revenue (MEUR)||596.1||566,9|
With a view to further growth, EOS is focusing systematically on the opportunities offered by digitalization. To this end, the Group is going to invest up to EUR 100 million in digital transformation and associated technology. New debt collection software is currently being developed in Germany, which continues to be the most important market for EOS Consolidated due to a market share of 46.1 per cent. Productivity is set to improve even more with the help of this new data-driven core system. “This is how we will ensure that we remain the market leader for efficiency and performance in the future,” explains Mr Scherer. In fiscal 2015/16 sales in Germany totalled EUR 274.9 million, up 5.4 per cent on the previous year.
In Western Europe, EOS posted sales of EUR 123 million, an increase of 19.9 per cent over the previous year. The strong performance was due to organic growth at some of the Group’s companies as well as the acquisition of debt collection service provider Alphapay in Switzerland.
Almost all countries in Eastern Europe managed to increase sales. Romania, Slovakia and the Czech Republic in particular performed better than in the previous year. In total, the company’s subsidiaries in Eastern Europe generated sales of EUR 108.1 million. This represents an increase of 12 per cent over the previous year.
In North America, EOS was not able to sustain the very good result from the previous year and experienced a 6.1 per cent drop to EUR 78 million. One of the main reasons for this was a declining trend in the recovery of receivables relating to government-issued student loans.
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