The EOS 2019/20 financial year: healthy growth in Western Europe.
In the last financial year the Group’s national subsidiaries in Western Europe were once again an important mainstay for the success of the EOS Group. Strong business performance in Belgium, France and Austria led to a slight uptick in revenue.
- In the last financial year Western Europe region enjoyed an increase in revenue of five percent, from around EUR 221 million to EUR 232 million.
- The Group’s companies in Western Europe gained ground as the leading provider of receivables purchases.
- France in particular increased its investments, while significant receivables portfolios were also acquired in Belgium and Portugal.
With a five percent growth in revenue over the previous year, from around EUR 221 million to EUR 232 million, EOS Consolidated is enjoying healthy growth in Western Europe. Particularly in Belgium, France and Austria, operational performance was very gratifying. Dr. Andreas Witzig, member of the EOS Group’s Board of Directors with responsibility for Western Europe and North America, is satisfied with the results: “In the banking and telecommunications segments in particular, our expertise enabled us to position ourselves as a preferred strategic partner.” Other important pillars of our success are the massive investments in big data technology and the resulting benefits for the processing of Non-Performing Loans (NPLs).
Despite the coronavirus crisis, Western Europe reinforces its position within the EOS Group.
With a more than 27 percent share of consolidated revenue, Western Europe was able to strengthen its position as an important part of the EOS Group. And according to Witzig, this is not set to change in the next financial year despite the coronavirus crisis: “Western Europe has been hard hit by the pandemic, particularly in France and Spain. However, thanks to our strong financial background I am confident that we will continue to be a reliable partner to our customers in the fiduciary collection and receivables purchasing segments in the future as well.”
Investments 2019/20: EOS maintains previous year’s level.
In the receivables purchasing segment, the EOS Group underpinned its commitment as an investor in fiscal 2019/20. In the last financial year, EUR 651.3 million were invested in unsecured and secured receivables and real estate to be restructured.
The work done by our experienced experts, legal advisors and real estate appraisers has made EOS one of the leading investors in real-estate secured receivables in Western Europe. Through our ongoing dialog with defaulting payers we are also able to find mutually acceptable solutions and avoid legal proceedings.
Nathalie Lameyre, Managing Director of EOS in France
With an investment volume of EUR 174.2 million, the Western Europe region had a just under 27 percent share of the Group’s total investment in fiscal 2019/20. In respect of secured receivables in particular, Western Europe is the front runner, with EOS investing more than 40 percent of its investment volume in this region.
Nathalie Lameyre, Managing Director of EOS in France, explains why: “The work done by our experienced experts, legal advisors and real estate appraisers has made EOS one of the leading investors in real-estate secured receivables in Western Europe. Through our ongoing dialog with defaulting payers we are also able to find mutually acceptable solutions and avoid legal proceedings."
Nathalie Lameyre, Managing Director of EOS in France, explains why: “The work done by our experienced experts, legal advisors and real estate appraisers has made EOS one of the leading investors in real-estate secured receivables in Western Europe. Through our ongoing dialog with defaulting payers we are also able to find mutually acceptable solutions and avoid legal proceedings."
Selection of top investments.
In the French market in particular, EOS also significantly increased its investment in real-estate secured and unsecured portfolios, despite a persistently difficult competitive environment. Other noteworthy transactions:
Western Europe as part of the Group.
With more than 40 years of experience in the business, the EOS Group serves more than 20,000 customers from a wide range of segments in 170 countries worldwide. The Western Europe region comprises nine subsidiaries in Austria, Spain, Belgium (two), Denmark, France, Ireland, Switzerland and the UK. In recent years it has become established as a fundamental pillar of the Group.
EOS enables its customers to focus on their core business, increases their liquidity and minimises their reputational risk. Because as a responsible company we are well aware that behind every receivables portfolio there are human beings. Accordingly, we acquire the receivables at realistic prices and do not speculate with them. The outstanding receivables are processed in a professional manner by our trained staff who treat late payers equitably. By working like this we ensure our long-term success and contribute towards a healthy economy.
EOS enables its customers to focus on their core business, increases their liquidity and minimises their reputational risk. Because as a responsible company we are well aware that behind every receivables portfolio there are human beings. Accordingly, we acquire the receivables at realistic prices and do not speculate with them. The outstanding receivables are processed in a professional manner by our trained staff who treat late payers equitably. By working like this we ensure our long-term success and contribute towards a healthy economy.
Click here for information on the overall performance of the EOS Group:
Click here for more information on developments in fiscal 2019/20:
Click here for more information on developments in fiscal 2019/20:
Please contact us if you’d like further information.
EOS in Germany
Daniel Schenk
Head of Corporate Communications & Marketing Germany
Steindamm 71
20099 Hamburg
Germany
Photo Credits: Jann Klee / EOS
Footnote
Footnote
- For accounting reasons rounding differences may appear in tables and text.
- Includes portfolio investments reported as loans receivable for structural reasons (financial presentation).