Axactor (ACR)

TekBot mai 13, 2024, 10:16am #3331

Axactor ASA: Mandatory Notification of Trade by Primary Insider

TekBot mai 21, 2024, 6:02am #3332

Axactor ASA: Moody’s changes Axactor’s credit rating

1 Like

TekBot mai 24, 2024, 12:08pm #3333

Axactor ASA: Mandatory Notification of Trade by Primary Insider

TekBot juni 5, 2024, 11:50am #3334

Interest Adjustment

TekBot juni 13, 2024, 11:50am #3336

Interest Adjustment

TekBot juni 14, 2024, 1:28pm #3337

Axactor ASA: Mandatory Notification of Trade by Primary Insider

TekBot juni 21, 2024, 8:01am #3338

Axactor ASA: Employee share option plan 2024

In accordance with the authorization granted by the AGM on 8 May 2024, the board of directors of Axactor ASA has decided to establish a long-term incentive program (LTI 2024) for senior executives and key personnel employed by the Axactor group. The plan encompasses up to 3 500 000 shares. The company’s liability with respect to the scheme will be met through holdings of treasury shares or by issuing new shares.

Under the LTI 2024, participants will receive share options, which, if certain predefined performance criteria are met within a performance period, can be exercised by paying the predefined strike price. The strike price is set as the average share price of the last 30 days prior to grant. One share option gives a contingent entitlement to one share after paying the strike price.
…
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The following criteria determine the award of options during the three-year performance period
1/3: employed when the performance period ends
1/3: share price development equal to or better than peers
1/3: return on equity meeting target set by the board of directors

Vesting of share options presumes that the individual is an employee of Axactor group. The total gain from exercised options during one calendar year shall not exceed 200 per cent of the participant’s base salary at grant. The number of options will be adjusted in the event of a dividend payout to preserve, but not increase, the value of the share option allocation.

The LTI 2024 is effective from 14 June 2024 and the share options will be vested after three years.

Primary insiders in the company have been allocated and accepted the following grants of options according to the terms described above

Johnny Tsolis, CEO, has been granted 950 000 share options. Following the grant, he holds 3 650 000 options in the company.

Nina Mortensen, CFO, has been granted 125 000 share options. Following the grant, she holds 775 000 options in the company.

Kyrre Svae, Chief of Strategy and IR, has been granted 200 000 share options. Following the grant, he holds 1 000 000 options in the company.

Arnt Andre Dullum, COO, has been granted 125 000 share options. Following the grant, he holds 900 000 options in the company.

Karl Mamelund, Chief of Investments, has been granted 175 000 share options. Following the grant, he holds 600 000 options in the company.

Vibeke Ly, Chief of Staff, has been granted 125 000 share options. Following the grant, she holds 900 000 options in the company.

Further the following have been granted and accepted share options according to the terms described above

Stina Koren, country manager 3PC in Norway, has been granted 125 000 share options. Following the grant, she holds 975 000 options in the company.

Lisa Sohtell, country manager NPL in Sweden and Norway, has been granted 125 000 share options. Following the grant, she holds 900 000 options in the company.

Heidi Piispanen, country manager in Finland, has been granted 125 000 share options. Following the grant, she holds 775 000 options in the company.

Steffen Fink, country manager in Germany, has been granted 125 000 share options. Following the grant, he holds 1 025 000 options in the company.

Antonio Cataneo, country manager in Italy, has been granted 150 000 share options. Following the grant, he holds 1 050 000 options in the company.

Andres Lopez, country manager in Spain, has been granted 400 000 share options. Following the grant, he holds 2 800 000 options in the company.

Of the 3 500 000 share options, 2 750 000 share options have been granted.

Kilde

TekBot august 8, 2024, 7:59am #3339

Axactor ASA: Invitation to presentation of Q2 2024 results

Axactor ASA will publish its second quarter 2024 results on Thursday 15 August 2024.

07:00 am CEST: The report and presentation will be made available on axactor.com
…

Vis børsmeldingen

and newsweb.oslobors.no.

10:00 am CEST: The results will be presented in a global investor webcast with a
live Q&A session. A recording of the webcast will be made available after the
live stream is concluded on axactor.com.

Webcast participation will be possible via the following:

Streaming

webinar.net

Phone

Dial-in pin: 547245

Norway: +47 815 03 308

Sweden: +46 10 884 80 16

Denmark: +45 89 87 50 45

United Kingdom: +44 20 3936 2999

United States: +1 646 664 1960

For further information, please contact:
Kyrre Svae
Chief of Strategy & IR, Axactor ASA
Mobile: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, please visit www.axactor.com

Kilde

TekBot august 15, 2024, 5:07am #3340

Axactor ASA: Second quarter financial results

(Oslo, 15 August 2024) Axactor ASA (Axactor, OSE: ACR) announce second quarter
financial results.

…

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Key figures Q2 2024 (change from continuing operations Q2 2023 in brackets)*

Gross revenue of EUR 89m (down 2%)

Total income of EUR 59m (down 9%)

EBITDA of EUR 30m (down 7%)

Cash EBITDA of EUR 61m (up 3%)

Annualized return on equity of 4% (down 6ppt)

NPL investments of EUR 70m (up 75%)

“I am pleased to see that we deliver 3% Cash EBITDA growth in Q2, despite a challenging collection environment and inflationary pressure on cost. Investments in 2023 were low, so the key driver here is strict cost control. Furthermore, we were able to invest EUR 70m in NPL portfolios at attractive prices, which is the highest investment level in 6 quarters” says Johnny Tsolis, CEO of Axactor.

Presentations
10:00 am CEST, 15 August 2024: The results will be presented in a global investor
webcast with a live Q&A session. A recording of the webcast will be made
available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following:

Streaming

webinar.net

Phone

Dial-in pin: 547245

Norway: +47 815 03 308

Sweden: +46 10 884 80 16

Denmark: +45 89 87 50 45

United Kingdom: +44 20 3936 2999

United States: +1 646 664 1960

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section on page
37-39 of the third quarter financial report.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA,
on 15 August 2024 at 07:00 CEST.

Kilde

TekBot august 15, 2024, 5:08am #3341

Axactor ASA: Second quarter financial results

(Oslo, 15 August 2024) Axactor ASA (Axactor, OSE: ACR) announce second quarter
financial results.

…

Vis børsmeldingen

Key figures Q2 2024 (change from continuing operations Q2 2023 in brackets)*

Gross revenue of EUR 89m (down 2%)

Total income of EUR 59m (down 9%)

EBITDA of EUR 30m (down 7%)

Cash EBITDA of EUR 61m (up 3%)

Annualized return on equity of 4% (down 6ppt)

NPL investments of EUR 70m (up 75%)

“I am pleased to see that we deliver 3% Cash EBITDA growth in Q2, despite a challenging collection environment and inflationary pressure on cost. Investments in 2023 were low, so the key driver here is strict cost control. Furthermore, we were able to invest EUR 70m in NPL portfolios at attractive prices, which is the highest investment level in 6 quarters” says Johnny Tsolis, CEO of Axactor.

Presentations
10:00 am CEST, 15 August 2024: The results will be presented in a global investor
webcast with a live Q&A session. A recording of the webcast will be made
available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following:

Streaming

webinar.net

Phone

Dial-in pin: 547245

Norway: +47 815 03 308

Sweden: +46 10 884 80 16

Denmark: +45 89 87 50 45

United Kingdom: +44 20 3936 2999

United States: +1 646 664 1960

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section on page
37-39 of the third quarter financial report.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA,
on 15 August 2024 at 07:00 CEST.

Kilde

Kvadro august 16, 2024, 8:40am #3342

Kommer nok nedskrivninger iløpet av året på porteføljene. De presterer for dårlig.

1 Like

TekBot august 16, 2024, 11:22am #3343

Axactor ASA: Mandatory Notification of Trade by Primary Insider

TekBot august 19, 2024, 7:05am #3344

Axactor ASA: Mandatory Notification of Trade by Primary Insider

TekBot september 5, 2024, 10:41am #3345

Interest Adjustment

TekBot september 12, 2024, 11:45am #3346

Interest Adjustment

TekBot oktober 24, 2024, 7:01am #3347

Axactor ASA: Invitation to presentation of Q3 2024 results

Axactor ASA will publish its third quarter 2024 results on Thursday 31 October 2024.

07:00 am CET: The report and presentation will be made available on axactor.com and newsweb.oslobors.no.
…

Vis børsmeldingen

10:00 am CET: The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following. Please note that you need to register before you will be provided with streaming access or phone number, access code and pin.

Streaming

webinar.net

Phone

NetRoadshow

For further information, please contact:
Kyrre Svae
Chief of Strategy & IR, Axactor ASA
Mobile: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, please visit www.axactor.com

Kilde

TekBot oktober 31, 2024, 6:00am #3348

Axactor ASA: Third quarter financial results

(Oslo, 31 October 2024) Axactor ASA (Axactor, OSE: ACR) announce third quarter financial results.

Key figures Q3 2024 (change from continuing operations Q3 2023 in brackets)*
…

Vis børsmeldingen

Gross revenue of EUR 86m (up 2%)

Total income of EUR 55m (down 15%)

EBITDA of EUR 27m (down 23%)

Cash EBITDA of EUR 59m (up 6%)

Annualized return on equity to shareholders of 0% (down 5pp)

NPL investments of EUR 13m (down 34%)

“I am pleased to see that we deliver 6% Cash EBITDA growth in Q3, despite a challenging collection environment and inflationary pressure on cost. I also really want to thank all our employees working with 3PC. They deliver great services every day to our clients and create impressive financial results. Adjusted for the 3PC exit in Finland and Sweden, total income is up 6% year-over-year and the contribution margin came in at 37%, up from 33% same quarter last year” says Johnny Tsolis, CEO of Axactor.

Presentation
10:00 am CET, 31 October 2024: The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available after the live stream is concluded on axactor.com.

Webcast and phone participation will be possible via the following links. Please note that you need to register before you will be provided with webcast access or phone number, access code and pin.

Webcast

webinar.net

Phone

NetRoadshow

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 36-38 of the third quarter financial report.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA,
on 31 October 2024 at 07:00 CET.

Kilde

TekBot oktober 31, 2024, 8:53am #3349

Financial calendar

TekBot november 15, 2024, 7:33am #3350

Axactor ASA: Moody’s changes Axactor’s credit Rating

TekBot november 19, 2024, 6:02am #3351

Axactor ASA: Sale of NPL portfolios

(Oslo, 19 November 2024) Axactor ASA (Axactor, OSE: ACR) has entered into an accretive EUR 83 million sale of NPL portfolios in Spain. In parallel, the company announces an anticipated negative revaluation of the remaining portfolios for the fourth quarter 2024.

Axactor has entered into a binding agreement to sell NPL portfolios for a total of EUR 83 million, representing a 2% premium over book value. The transaction represents approximately 6% of Axactor’s total NPL portfolio and the proceeds from the transaction will be used to reduce debt. The positive impact on cash metrics, such as cash EBITDA*, is significant, supporting covenant compliance for at least the next four quarters.
…

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“We believe this transaction demonstrates Axactor’s commitment to enhancing financial stability while navigating challenging market conditions. This strategic sale not only supports covenant compliance but also provides flexibility to manage our portfolio proactively,” says CEO Johnny Tsolis.

Additionally, as part of the routine quarterly NPL revaluation process, Axactor has booked a net negative NPV of changes in collection forecasts of EUR 12 million so far in the fourth quarter, and October collections ended EUR 3 million below forecasts (corresponding to a collection performance of 90%). Further meaningful negative revaluations are anticipated before quarter-end, and will be published as part of the fourth quarter 2024 report. The revaluations do not have any cash impact, and as such do not impact neither the interest coverage nor the leverage ratio covenants. There is sufficient headroom under the loan-to-value covenants to remain compliant also after the anticipated revaluations.

Together, these actions provide the company with a strengthened covenant position, further reinforcing the balance sheet.

Axactor will report the fourth quarter 2024 financial figures 14 February 2025.

For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*Cash EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section on page 36-38 of the third quarter financial report.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Kyrre Svae, Chief of Strategy & IR at Axactor ASA, on 19 November 2024 at 07:00 CET.

Kilde