The EOS Group achieved stable growth in the 2021/22 financial year
Budapest, September 14, 2022
The EOS Group, one of the world's leading international investors in receivables portfolios, continued its confident and stable development in the turbulent 2021/22 financial year. Despite the coronavirus pandemic and an increasingly aggressive market environment, the group's total turnover grew by 1.6 percent in the last 12 months. Earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled 282.5 million euros, which is only slightly lower than the previous year (312.4 million euros). The reasons for this are primarily the war in Ukraine and the related accounting precautions taken by EOS. Nevertheless, the full business year closed positively: EOS once again achieved a strong operational performance in the 24 countries where it operates.
The financial year was a record year for EOS, especially in the area of debt purchasing: the Group invested a total of 669 million euros in NPLs and real estate during this period. With this result, it clearly exceeded the volume of the previous business year.
‘We owe last year's success primarily to our more than 6,000 employees, who are able to make EOS more dynamic and digital day by day in these constantly changing times,’ emphasized Marwin Ramcke, CEO of the EOS Group. ‘The past year was characterized by the development of our core professional competencies, excellent international cooperation between our sites in 24 countries, and increasing investment in automation, which continuously improves the efficiency of our business processes. These are all achievements that we can be very proud of as a team in such a challenging year,’ Ramcke continued.
The Eastern Europe region leads the EOS Group's turnover growth
The Eastern Europe region in particular closed the 2021/22 financial year very successfully, with turnover increasing by 12.2 percent compared to the previous year. The Croatian, Polish, Serbian, and Slovakian national companies were particularly strong. Despite the stable performance, the Eastern European result (EBITDA) decreased slightly, mainly due to precautionary measures taken because of the war in Ukraine.
In the area of debt purchasing, the investment volume in the region more than doubled. ‘In the last financial year, we invested a total of 402.5 million euros in Eastern Europe, of which 226.5 million euros were in secured receivables and real estate,’ said Carsten Tidow, Managing Director for Eastern Europe at the EOS Group. The national companies in Greece and Poland were particularly outstanding. ‘To profit even more from this overall, it is important that we connect the national companies with each other even better. Promoting innovation in this way is our goal for the next business year,’ he emphasized.
Strengthening leadership position and increasing digitalization
Over the years, the EOS Group has established a defining leadership position both as an international financial services company and as an investor in non-performing loan (NPL) packages. Thanks to the stable financial background of the Otto Group, EOS once again made significant investments in the NPL market. The focus on process automation and the use of data-driven collection software also enable more successful and efficient processing of receivables.
‘We have made promising progress regarding a joint analytical data budget, which will clearly advance us in process management in the future. The related investment was a significant step towards a digitalized group of companies,’ said Justus Hecking-Veltman, CFO of the EOS Group. The development and use of chatbots in communication with consumers, as well as the 24/7 service portals that have already been introduced in several countries, are further prime examples of EOS's digital transformation.
Further information, interviews, and background materials on the EOS Group's past 2021/22 financial year are available on the virtual press portal.
About the EOS Group
The EOS Group is a leading technology-driven investor and service provider in the receivables management industry. With over 45 years of experience and sites in 24 countries, EOS provides smart services for around 20,000 clients worldwide in all areas of receivables management. The main target sectors are banking, real estate, service companies, utilities, and e-commerce. EOS employs more than 6,000 people and is part of the Otto Group.
For more information about the EOS Group, please visit: https://hu.eos-solutions.com
Press Contact
János Körömi – PR consultant
[email protected]
+36 30 951 0149