Axactor SE

Earnings Release • Aug 15, 2024

Axactor ASA: Second quarter financial results

Axactor ASA: Second quarter financial results

(Oslo, 15 August 2024) Axactor ASA (Axactor, OSE: ACR) announce second quarter

financial results.

Key figures Q2 2024 (change from continuing operations Q2 2023 in brackets)*

- Gross revenue of EUR 89m (down 2%)

- Total income of EUR 59m (down 9%)

- EBITDA of EUR 30m (down 7%)

- Cash EBITDA of EUR 61m (up 3%)

- Annualized return on equity of 4% (down 6ppt)

- NPL investments of EUR 70m (up 75%)

"I am pleased to see that we deliver 3% Cash EBITDA growth in Q2, despite a challenging collection environment and inflationary pressure on cost. Investments in 2023 were low, so the key driver here is strict cost control. Furthermore, we were able to invest EUR 70m in NPL portfolios at attractive prices, which is the highest investment level in 6 quarters" says Johnny Tsolis, CEO of Axactor.

Presentations

10:00 am CEST, 15 August 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/GmlVN4Mr05K

Phone

- Dial-in pin: 547245

- 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.com

Kyrre Svae, Chief of Strategy & IR, Axactor

Tel: +47 478 39 405

E-mail: kyrre.svae@axactor.com

To learn more about Axactor, 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

37-39 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. This stock exchange

announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA,

on 15 August 2024 at 07:00 CEST.