- Sales and EBT up significantly on previous year
- Germany once again the key market with around 46 per cent of turnover
- High investment in digital Transformation
“We have achieved the best result in our history to date. This success is attributable to our systematic focus on our core business of providing high-quality receivables management services,” says Hans-Werner Scherer, Chairman of the EOS Group’s Board of Directors. The Board once again invested heavily in receivables purchases and managed in particular to increase productivity in receivables processing. “This means that we have laid a solid foundation for the future,” says Scherer. In addition, the encouraging improvement in the result compared to the previous year was influenced by revenues from the sale of the Group’s interests in business information service Bürgel.
Overview of key performance indicators:
|Sales revenue (MEUR)||596.1||566.9|
With a view to further growth, EOS is focusing systematically on the opportunities offered by digitalization. To this end, the Group is going to invest up to EUR 100 million in digital transformation and associated technology. New debt collection software is currently being developed in Germany, which continues to be the most important market for EOS Consolidated due to a market share of 46.1 per cent. Productivity is set to improve even more with the help of this new data-driven core system. “This is how we will ensure that we remain the market leader for efficiency and performance in the future,” explains Mr Scherer. In fiscal 2015/16 sales in Germany totalled EUR 274.9 million, up 5.4 per cent on the previous year.
In Western Europe, EOS posted sales of EUR 123 million, an increase of 19.9 per cent over the previous year. The strong performance was due to organic growth at some of the Group’s companies as well as the acquisition of debt collection service provider Alphapay in Switzerland.
Almost all countries in Eastern Europe managed to increase sales. Romania, Slovakia and the Czech Republic in particular performed better than in the previous year. In total, the company’s subsidiaries in Eastern Europe generated sales of EUR 108.1 million. This represents an increase of 12 per cent over the previous year.
In North America, EOS was not able to sustain the very good result from the previous year and experienced a 6.1 per cent drop to EUR 78 million. One of the main reasons for this was a declining trend in the recovery of receivables relating to government-issued student loans.
More information is provided in the latest annual report 'Insights' available from: www.insights2015.eos-solutions.com
The EOS Group
The EOS Group is one of the leading international providers of customised financial services. Its main focus is on receivables management covering three key business segments: fiduciary collection, debt purchase and business process outsourcing. With just under 8,000 employees and more than 60 subsidiaries, EOS offers some 20,000 clients in 28 countries around the world financial security with tailored services in the B2C and B2B segments. Being connected to an international network of partner companies, the EOS Group has access to resources in more than 180 countries. Its key target sectors are banking, utilities and telecommunications, along with the public sector, real estate, mail order and e-commerce.
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