Axactor (ACR)

TekBot · juni 17, 2020, 8:47am

Financial calendar

TekBot · juni 25, 2020, 11:35am

Renteregulering

TekBot · juni 26, 2020, 2:03pm

Johnny Tsolis appointed CEO of Axactor SE

The Board of Directors of Axactor SE announces that acting CEO Johnny Tsolis has been appointed permanent CEO effective immediately. He has previously been CFO and Head of Strategy and M&A at Axactor, and part of the core-management team since the start in December 2015.

“Johnny is well known to all of our stakeholders, know the team and the company, its client base and our market. He has an in-depth understanding of what is needed to succeed in our business”, says Glen Ole Rødland, Chairman of Axactor. “The company has historically been focusing on growth and achieving critical mass. We are now entering a new phase for the company where return on capital, profitable growth and start returning cash to shareholder will be key priorities. The board believe Mr. Tsolis has the right profile and experience to lead the company from being one of the fastest growing companies in our industry to become one of the most profitable companies in our business.”
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Vis børsmeldingen

Johnny Tsolis has a broad international background and brings with him more than 13 years of experience from the debt collection industry, including being co-founder of Axactor.

“I am highly motivated to lead Axactor as we build on our strong foundation and drive improved performance and innovation across the group together with our 1150 talented employees, the Board and our funding partners” says Johnny Tsolis, CEO at Axactor. “Profitability, return on capital and value creation for all stakeholders will be my top priority for the years to come.”

For additional information, please contact:

Glen Ole Rødland, Chairman of the Board
Mobile phone: +47 907 41 662
Email: [email protected]

About Axactor

Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and provides debt collection and accounts receivable management for third parties. For more information see www.axactor.com

Kilde

TekBot · juni 26, 2020, 2:16pm

Employee share option program

The Board of Directors of Axactor SE (the Company) has resolved to grant options to the Chairman of the Board and 11 employees of the Company.

The grant of options is based on the authorization from the Company’s annual general meeting 1 April 2020 to issue new shares in connection with the Company’s incentive plan for employees, and the same annual general meeting’s adoption of the statement of the board regarding long term incentive plans.
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Vis børsmeldingen

A total of 6 500 000 share options are approved in a groupwide program comprising key employees in the Company fulfilling certain criteria. Each option will give the right to one share in the Company.

Pursuant to the vesting schedule, one third of the options will vest one year after the day of grant, one third of the options will vest two years after the day of grant and one third of the options will vest three years after the day of grant. Vesting requires the option holder still to be an employee in the Company. For the tranches vesting each year, the exercise price per share is NOK 17.25 for 20% of the options, NOK 22.00 for 30% of the options and NOK 28.00 for the last 50% of the options. Options that have not been exercised will lapse 5 years after the date of grant.

Primary insiders in the Company have received the following grants of options, according to the terms described above:

Glen Ole Rødland, Chairman of Axactor SE, has been granted 1 000 000 share options. Following the grant, he holds 0 shares and 1 000 000 options in the Company.

Johnny Tsolis, CEO of Axactor SE, has been granted 750 000 share options. Following the grant, he holds 1 570 000 shares and 1 742 456 options in the Company.

Arnt Andre Dullum, COO of Axactor SE, has been granted 375 000 share options. Following the grant, he holds 41 674 shares and 556 228 options in the Company.

Robin Knowles, Chief of Investments in Axactor SE, has been granted 375 000 share options. Following the grant, he holds 278 180 shares and 692 228 options in the Company.

Vibeke Ly, Chief of Staff in Axactor SE, has been granted 375 000 share options. Following the grant, she holds 0 shares and 541 228 options in the Company.

In addition, the country managers in the Axactor have received the following grants of options, according to the terms described above:

Stina Koren, Country Manager in Axactor Norway, has been granted 375 000 share options. Following the grant, she holds 20 000 shares and 668 713 options in the Company.

Lisa Sohtell, Country Manager in Axactor Sweden, has been granted 375 000 share options. Following the grant, she holds 0 shares and 718 713 options in the Company.

Jarkko Jalonen, Country Manager in Axactor Finland, has been granted 375 000 share options. Following the grant, he holds 366 108 shares and 668 713 options in the Company.

Steffen Fink, Country Manager in Axactor Germany, has been granted 375 000 share options. Following the grant, he holds 0 shares and 375 000 options in the Company.

Antonio Cataneo, Country Manager in Axactor Italy, has been granted 375 000 share options. Following the grant, he holds 0 shares and 568 713 options in the Company.

Andres Lopez, Country Manager in Axactor Spain, has been granted 500 000 share options. Following the grant, he holds 1 177 525 shares and 901 313 options in the Company.

David Martin, Country Manager in Axactor Spain, has been granted 500 000 share options. Following the grant, he holds 1 177 525 shares and 901 313 options in the Company.

Out of the 6 500 000 share options approved, 750 000 share options are kept for future allocations.

Kilde

Tekspert · juli 1, 2020, 10:00am

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

@Buffet (7 likes)

@GriseFlax (5 likes)

@Kvadro (4 likes)

Resten av topp 10:

@Savepig (2 likes)
@Bingo123 (2 likes)
@rokky (2 likes)
@Longtrader (2 likes)
@Salamis (2 likes)
@Shadmar (1 likes)
@Kratos (1 likes)

Gratulerer!

odin1 · juli 9, 2020, 11:11am

deler den

MOluf · juli 13, 2020, 8:13pm

Oppdaterte nylig min oversikt over JFs innsidekjøp til å inkludere kjøp siden sist oppdatering fra undertegnede.

Noen kommentarer/observasjoner:

JF har nå en snittkurs på omlag 21,09 NOK/aksje. Med fredagens sluttkurs på 6,80 NOK tilsvarer det et papirtap på 67,76% eller totalt nesten 850 millioner NOK.
JF er snaut 2,56 millioner aksjer unna budplikt i Axactor (oppnås ved eierandel > 1/3). Siste kjøp av JF ble foretatt 6. mars til kurs 11,40 NOK. Jf. verdipaperhandelloven §6-10 fjerde ledd skal tilbudsprisen ved budplikt “være minst like høy som det høyeste vederlag tilbyderen har betalt eller avtalt i perioden 6 måneder før tilbudsplikten inntrådte”. Om jeg da tenker litt høyt, så vil det være fornuftig for JF å vente med å kjøpe de siste 2,56 millioner aksjene som utløser budplikt til etter 6 mnd har passert siden 6. mars (dvs. til etter 6. september). Dette er selvsagt gitt at kursen ikke vil passere 11,40 NOK innen den tid, som for øvrig er nesten 75% over fredagens sluttkurs.
Ellers interessant å se at JF per fredag har 190 500 aksjer utlånt til short. Dette er beregnet ved å sammenligne aksjebeholdning oppgitt i børsmelding med antall aksjer oppgitt i aksjonærlistene hos Tekinvestor per 13.07.

TekBot · juli 15, 2020, 11:54am

Axactor SE - Invitation to presentation of Q2 2020 results

rayman · juli 15, 2020, 10:26pm

Er i såfall andre grunner enn at amerikanske selskaper innen samme bransje går opp…

Kvadro · juli 16, 2020, 5:26pm

Hva mener folk om prisingen av Axactor? Det er priset inn et ganske så begredelige Q2. Men om vi ser framover, hva kan vi forvente? Tenker da på at styreleder Glen Ole Rødland i Axactor gikk ut i media og fortalte at selskapet skal gå inn i en ny fase hvor avkastning på kapital, lønnsom vekst og å utbetale utbytte til investorene blir hovedprioriteringene.

Jeg må si at selskapet er attraktivt priset på sikt, å i et markedet hvor penger på bok er tap, så frister det med utbytte framover for min del!

rayman · juli 16, 2020, 5:28pm

Selv avventer jeg til Q2 blir lagt frem…

Baatbyggern · juli 16, 2020, 5:37pm

Jeg lastet opp for en uke siden. Blir trolig dårlige tall, men fordelt på aksjepris skal det ikke mye til før det blir bra.

Kvadro · juli 16, 2020, 5:44pm

Handlet også noe i forrige uke. Har handlet litt de siste to-tre månedene når kursen har falt tilbake. Er langsiktig, så betyr ikke noe for meg om kursen går opp og ned i det korte løp, skal ikke selge noe med det første. Men fikk en aha opplevelse når jeg leste Intrum sin oppdatering.

Kvadro · juli 19, 2020, 7:13am

Vet ikke om dette er en nyhet i seg selv. Men for de som orker å oversette så ser det ut til at Covid 19 skaper samarbeid mellom flere aktører. Linken er ifra Italia og italiensk.

TekBot · juli 23, 2020, 5:01am

Axactor reports Q2 and H1 financials

Oslo, July 23rd 2020: Axactor’s operations and financials for the second quarter and first half year 2020 were negatively affected by the Covid-19 outbreak, impacting all business areas. Reported EBITDA showed a loss of EUR 30 million, reflecting that the financial statement has been charged with a revaluation of the NPL portfolio of EUR 27 million and an impairment accrual for the REO assets of EUR 26 million. Cash EBITDA was EUR 44.4 million (65.4).

After a challenging start to the second quarter we have seen a strong uptick in performance from late May and expect this trend to continue into the second half of the year. The second quarter result was significantly impacted by the Covid-19 pandemic, which resulted in a downward revision of our portfolio book value. Spain and Italy have been among the countries hit hardest by the pandemic, while performance in the Nordic countries and Germany have showed more resilience through the quarter, says CEO Johnny Tsolis in Axactor.
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Vis børsmeldingen

Gross revenue was EUR 70.8 million in the second quarter (91.3), whereas total revenue including the NPL revaluation was EUR 28.7 million (72.4). The revaluation represented 2.4% of the book value of the NPL portfolio. The REO impairment accrual represented 22.7% of the REO book value.

The company remained compliant with all loan covenants, as Axactor’s main banking relations, DNB and Nordea, have granted a waiver for the leverage ratio for the second and third quarter 2020. The reopening of the markets and improved collection performance has significantly reduced the risk of a covenant breach in the second half of 2020.

Axactor took early action to mitigate the financial impact of Covid-19, including consolidation of offices and furloughs affecting roughly 400 employees for most of the quarter. The cost measures amount to EUR 25 million for the full year compared to internal budgets, with roughly half of the effect to come in the second half of the year.

-We have remained fully operational for our debtors, customers and partners through a very challenging period. Our June numbers show that our markets have turned the corner, and unless we have a second phase with similar lockdown measures, we expect improved NPL collection and higher 3PC activity in the second half of the year. The cost measures will also improve our earnings going forward, says Tsolis.

Axactor invested EUR 62 million in NPL portfolios in the second quarter and EUR 152 million for the first half year, most of which in forward flow agreements in the Nordics. The company expects lower investments and a shift towards a positive cash flow after investments in the second half of the year, although a full-year investment level in excess of EUR 200 million for the full year will provide significant volume growth going into 2021.

For the first half year, Axactor reported gross revenue of EUR 150.0 million (181.9) and total revenue of EUR 84.3 million (146.1). Reported EBITDA was EUR -15.8 million (48.3), whereas Cash EBITDA was EUR 92.6 million (124.2).

Axactor CEO Johnny Tsolis will presents the financial results for the second quarter and first half year 2020 in a webcast today at 08:30 CET, which is available at https://axactor.eventcdn.net/2020q2/

Participants dial-in numbers: DK: +45 7876 8490 (Direct) NO: +47 2195 6342 (Direct) SE: +46 812 410 952 (Direct) UK: +44 203 769 6819 (Direct) US: +1 646 787 0157 (Direct)

For additional information, please contact:
Johnny Tsolis
Chief Executive Officer
Mobile phone: +47 913 35 461
Email: [email protected]

About Axactor:
Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1150 employees.

To learn more, visit www.axactor.com

Kilde

TekBot · juli 23, 2020, 5:01am

Axactor reports Q2 and H1 financials

Oslo, July 23rd 2020: Axactor’s operations and financials for the second quarter and first half year 2020 were negatively affected by the Covid-19 outbreak, impacting all business areas. Reported EBITDA showed a loss of EUR 30 million, reflecting that the financial statement has been charged with a revaluation of the NPL portfolio of EUR 27 million and an impairment accrual for the REO assets of EUR 26 million. Cash EBITDA was EUR 44.4 million (65.4).

After a challenging start to the second quarter we have seen a strong uptick in performance from late May and expect this trend to continue into the second half of the year. The second quarter result was significantly impacted by the Covid-19 pandemic, which resulted in a downward revision of our portfolio book value. Spain and Italy have been among the countries hit hardest by the pandemic, while performance in the Nordic countries and Germany have showed more resilience through the quarter, says CEO Johnny Tsolis in Axactor.
…

Vis børsmeldingen

Gross revenue was EUR 70.8 million in the second quarter (91.3), whereas total revenue including the NPL revaluation was EUR 28.7 million (72.4). The revaluation represented 2.4% of the book value of the NPL portfolio. The REO impairment accrual represented 22.7% of the REO book value.

The company remained compliant with all loan covenants, as Axactor’s main banking relations, DNB and Nordea, have granted a waiver for the leverage ratio for the second and third quarter 2020. The reopening of the markets and improved collection performance has significantly reduced the risk of a covenant breach in the second half of 2020.

Axactor took early action to mitigate the financial impact of Covid-19, including consolidation of offices and furloughs affecting roughly 400 employees for most of the quarter. The cost measures amount to EUR 25 million for the full year compared to internal budgets, with roughly half of the effect to come in the second half of the year.

-We have remained fully operational for our debtors, customers and partners through a very challenging period. Our June numbers show that our markets have turned the corner, and unless we have a second phase with similar lockdown measures, we expect improved NPL collection and higher 3PC activity in the second half of the year. The cost measures will also improve our earnings going forward, says Tsolis.

Axactor invested EUR 62 million in NPL portfolios in the second quarter and EUR 152 million for the first half year, most of which in forward flow agreements in the Nordics. The company expects lower investments and a shift towards a positive cash flow after investments in the second half of the year, although a full-year investment level in excess of EUR 200 million for the full year will provide significant volume growth going into 2021.

For the first half year, Axactor reported gross revenue of EUR 150.0 million (181.9) and total revenue of EUR 84.3 million (146.1). Reported EBITDA was EUR -15.8 million (48.3), whereas Cash EBITDA was EUR 92.6 million (124.2).

Axactor CEO Johnny Tsolis will presents the financial results for the second quarter and first half year 2020 in a webcast today at 08:30 CET, which is available at https://axactor.eventcdn.net/2020q2/

Participants dial-in numbers: DK: +45 7876 8490 (Direct) NO: +47 2195 6342 (Direct) SE: +46 812 410 952 (Direct) UK: +44 203 769 6819 (Direct) US: +1 646 787 0157 (Direct)

For additional information, please contact:
Johnny Tsolis
Chief Executive Officer
Mobile phone: +47 913 35 461
Email: [email protected]

About Axactor:
Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1150 employees.

To learn more, visit www.axactor.com

Kilde

E24Bot · juli 23, 2020, 5:32am

Corona-smell for Axactor

pleximus83 · juli 23, 2020, 7:58am

Husker god Inkassobransjen gjorde det godt under finanskrisen 2008/09,-nå er tydeligvis dette snudd på hodet…

Bingo123 · juli 23, 2020, 10:12am

Ikke så rart når legal i Spania feks var i lockdown i 3 mnd. Ref webcast i dag.

rokky · juli 23, 2020, 11:16am

B2h er i samme bransje, og gjorde det bra dette kvartalet. Axa kommer nok neste kvartal. Husk at de har falt fra nesten 20 kroner ved nyttår, så et dårlig Q2 burde være priset inn.