EOS Group remains on course of growth
Group sales grow by 22.2 per cent to EUR 297.4 million in 2008/09 / Germany remains most important market / Impact of the international financial crisis dampens future expectations for Eastern Europe
Hamburg, 17 August 2009 – The EOS Group has continued with its course of growth in the 2008/2009 financial year: between 1 March 2008 and 28 February 2009, the international provider of receivables management, marketing and risk information, as well as payment services increased its consolidated sales by EUR 54.1 million to EUR 297.4 million. This represents a growth rate of 22.2 per cent. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 33.8 per cent from EUR 68.2 in the previous year to EUR 91.2 million.
On the German market, EOS’s sales increased by 17.1 per cent, from EUR 154.3 million in the previous year to their current level of EUR 180.7 million. Their share of aggregate sales amounted to 60.7 per cent (63.4 per cent in 2007/2008). Hans-Werner Scherer, Chairman of the EOS Group’s Board of Directors, explains: ‘Germany is and will remain our most important market. EOS has established itself as one of the top three providers of receivables management services in Germany and continues to grow in this area.’
On the Western European markets, EOS continued to grow in the financial year ended. The sales increase of EUR 16.1 million to EUR 46.6 million (from EUR 30.5 million in 2007/2008) results primarily from the successful market entry in Belgium and Luxembourg that was achieved by acquiring a majority stake in EOS Aremas Belgium NV/SA in 2007/08.
In the financial year ended, despite the first signs of the international financial crisis, sales in Eastern Europe increased by 9.4 per cent to EUR 38.8 million (from EUR 35.4 million in 2007/2008). The dynamism of previous financial years was diminished by the financial crisis. EOS further consolidated its position in Eastern Europe, where it occupies a leading market position in every country.
On the U.S. market, EOS bucked the difficult overall economic trend and significantly strengthened its position among the top 50 debt collection companies, in the process increasing its sales by 35.3 per cent to some EUR 31.1 million.
The global economic downturn continues to exert an influence on the group’s plans for the future. While the company is still reckoning on solid development in Western Europe and the USA, the situation in Eastern Europe is expected to stabilize at a low level. EOS is going to counter this trend by intensifying its sales and marketing activities. All in all, the EOS Group remains on a course of growth and is pursuing the goal of achieving or maintaining a top-three position in every relevant country over the next few years.
Overview of the key figures:
€ 297.4 million
€ 243.3 million
€ 91.2 million
€ 68.2 million
The EOS Group: With around 4000 employees in more than 20 countries, the EOS Group, a member of the Otto Group, is one of the leading financial services corporations in Europe. The over 40 operating companies in the Group are active in the receivables management, marketing and risk information as well as payment services segments and look after some 20,000 clients around the world – from banks and insurance companies, the manufacturing industry and mail order segment to public utilities, telecommunications firms and IT companies. For further information see www.eos-solutions.com.
Contact: Lara Flemming, Head of Corporate Communications and Marketing, Tel.: +49 40 2850-1560, e-mail: email@example.com