In an increasingly difficult market environment the EOS Group concluded a successful financial year 2004/2005. The internationally positioned financial services provider increased its total sales from EUR 193.2 million to EUR 198.4 million – around 2.7 percent more than in the prior year. Profits have increased from EUR 31.3 million in 2003/2004 to EUR 34.5 million. EBIT and EBITDA increased to EUR 48.5 million and EUR 53.5 million respectively.
The EOS Group – a subsidiary of the Otto Group – is one of the leading European companies in information management, cash flow management and receivables management. Of these three areas, receivables management has the biggest share of sales. ‘We are satisfied with the results, and they confirm the corporate strategy’, says Hans-Werner Scherer, Chairman of the Board of Directors. The Group has been realigning itself since the end of the 1990s. ‘In addition to product consolidation, which is consistently oriented to the requirements of our customers, we are focusing on the expansion of our service spectrum – with regard to both its breadth of its product range and its geographical spread’, explains Scherer. ‘Our aim is to meet customer requirements even better across national borders.’ The EOS Group is therefore increasingly putting its faith in the networking of the 25 or so existing EOS partners and the further expansion into markets of the new EU member states in Eastern Europe.
The latest example of this expansion strategy: in July, the Group acquired a majority stake in the Greek debt collection group Europe Matrix, a financial services provider active in Greece, the Former Yugoslav Republic of Macedonia, Bulgaria and Serbia. As a consequence, the EOS Group is now represented in 16 European countries and the USA.
The EOS Group
With approximately 2500 employees around the world, the EOS Group is one of the leading financial services companies in Europe. It is active in three business units, receivables management, information management and cash flow management.
Note for editorial offices:
Additional key figures of the EOS Group can be found in the annual corporate report ‘Insights’. The report provides an overview of developments in the Group and the general market situation, such as the trend towards selling non-performing loans. The complete report can be obtained from the addresses listed below. A PDF version is available for downloading at www.eos-solutions.com. The English edition of ‘Insights’ will be published shortly.
KG EOS Holding GmbH & Co
20099 Hamburg, Germany
Tel.: +49 (0)40 28 50 15 60
Fax: +49 (0)40 28 50 15 51