Axactor SE — Earnings Release 2022

Feb 17, 2023

Axactor ASA: Fourth quarter financial results

Axactor ASA: Fourth quarter financial results

(Oslo, 17 February 2023) Axactor ASA (Axactor, OSE: ACR) announce fourth

quarter financial results.

Key figures Q4 and full year 2022 for continuing operations (Change from Q4 and

full year 2021 in brackets)*

Gross revenue

- Q4: EUR 89m (up 13%)

- FY2022: EUR 337m (up 10%)

Total income

- Q4: EUR 63m (up 351%)

- FY2022: EUR 240m (up 51%)

EBITDA

- Q4: EUR 31m (up from EUR -17m)

- FY2022: EUR 119m (up 194%)

Cash EBITDA

- Q4: EUR 58m (up 18%)

- FY2022: EUR 218m (up 14%)

Return on equity

- Q4: 10% (up 42pp)

- FY2022: 10% (up 16pp)

NPL investments

- Q4: EUR 93m (up 74%)

- FY2022: EUR 288m (up 153%)

"We deliver a solid quarter with EUR 10m in profit after tax and a cash EBITDA

growth of 18% y-o-y on continuing operations. I am pleased to see that despite

the pandemic during the start of the year, and elevated inflation and interest

rates, 2022 is a significant step in the right direction for Axactor. Axactor

deliver 10% return on equity and a cash EBITDA growth of 14% in 2022 on

continuing operation. We have further improved our cost position during the year

and can report an industry leading NPL cost-to-collect of 39% in 2022. The

leading cost position becomes visible through a solid EBITDA-margin of 50% for

the year" says Johnny Tsolis, CEO of Axactor.

Presentations

10:00 am CET: 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://app.webinar.net/meZqdGjL1Ob

Phone

- Dial-in pin: 478639

- 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 37-39 of the fourth 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 February 2023 at 07:00 CET.