Axactor SE — Earnings Release 2023

Aug 17, 2023

Axactor ASA: Second quarter and first half year financial results

Axactor ASA: Second quarter and first half year financial results

(Oslo, 17 August 2023) Axactor ASA (Axactor, OSE: ACR) announce second quarter

and first half year financial results.

Key figures Q2 2023 for continuing operations (change from Q2 2022 in brackets)*

- Gross revenue of EUR 91m (up 5%)

- Total income of EUR 65m (up 8%)

- EBITDA of EUR 33m (up 9%)

- Cash EBITDA of EUR 60m (up 4%)

- Return on equity 11% (down 2ppt)

- NPL investments of EUR 40m (down 14%)

Key figures H1 2023 for continuing operations (change from H1 2022 in brackets)*

- Gross revenue of EUR 174m (up 5%)

- Total income of EUR 127m (up 8%)

- EBITDA of EUR 63m (up 9%)

- Cash EBITDA of EUR 111m (up 4%)

- Return on equity 9% (down 1ppt)

- NPL investments of EUR 73m (down 42%)

"We continue to deliver profitable growth and are pleased to see a return on

equity of 11% for the second quarter. Despite the macroeconomic turmoil, we see

stability in earnings with a satisfying EBITDA margin of around 50% for the last

six quarters. We will continue our dedicated work to improve collection

efficiency and remain price disciplined" says Johnny Tsolis, CEO of Axactor.

Presentations

10:00 am CET, 17 August 2023: 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/LD68XZ7YdVz

Phone

- Dial-in pin: 520967

- Norway: +47 81 50 33 08

- 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

39-41 of the second 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 17 August 2023 at 07:00 CET.