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Investments of NOK 890m and NOK 1.6bn committed for 2025
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Unsecured collection performance of 109 % (105)
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Cash collections of NOK 1,352m (1,273)
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Cash EBITDA of NOK 975m (905)
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Adj. Net profit of NOK 135m (96)
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Adj. Earnings per share of NOK 0.37 (0.26)
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Proposed dividend per share for 2024 of NOK 1.5 (1.3)
(Comparable numbers for 2024 in brackets)
Collections remained strong in the first quarter with an unsecured collection
performance of 109 % up from 105 % in the same quarter last year. Cash
collections and revenues were up, driven by higher unsecured collections
offsetting lower secured collections as expected.
Cash EBITDA was NOK 975 million and adjusted EBIT was NOK 374 million.
Adjusted Net profit was NOK 135 million equivalent to adjusted earnings per
share of NOK 0.37, up from NOK 0.26 in the same quarter last year representing
41 % growth in adjusted earnings per share.
B2 Impact invested NOK 890 million in new portfolios in the first quarter. The
investments in the quarter were only unsecured portfolios. The Estimated
Remaining Collections (ERC) were NOK 25.6 billion including share of
portfolios held in JVs and REOs. At the end of the first quarter, the Group
has invested and committed NOK 1.6 billion for 2025.
B2 Impact has a solid and diversified funding structure to support further
growth. The leverage ratio at the end of the first quarter was 2.1x. The Group
issued a 5-year EUR 200 million senior unsecured bond in March at a margin of
3.75 % which is the lowest margin achieved in a primary issue. The bond issue
is neutral to the Group’s cost of debt as the reduced drawn amount on the RCF
results in a lower margin. The Group holds an EUR 610 million senior secured
revolving credit facility (RCF) and three senior unsecured bond loans for a
total of EUR 650 million.
“The investment activity picked up significantly in the fourth quarter last
year, and the high activity has continued in the first quarter. Total
investments of NOK 890 million in the first quarter is a substantial increase
compared with the same quarter last year. With invested and committed volumes
of more than NOK 1.6 billion at the end of Q1 against our investment target of
at least NOK 3 billion for 2025, we are in a good position for the remainder
of the year. Adjusted earnings per share of NOK 0.37 is up 41 % from Q1 last
year, and we are on track to deliver our dividend target of NOK 1.5 for 2025.”
said Trond Kristian Andreassen, CEO of B2 Impact ASA.
For further information, please see the Q1 2025 presentation and report
attached. The documents are also available on the Company’s website:
www.b2-impact.com
Definitions of alternative performance measures can be found in the report and
presentation.
The results will be presented in an audiocast from 08:30 CEST today through
this link:
First quarter 2025 Presentation
(First quarter 2025 Presentation)
Live viewers can submit their written questions for the Q&A in the provided
form in the audiocast player.
The audiocast can also be accessed through the following link where questions
for the Q&A can be asked live:
Call Access (Call Access)
A recording of the audiocast will be available on-demand after the live stream
is concluded.
For further information, please contact:
Rasmus Hansson
Head of Investor Relations and M&A
Mobile: +47 952 55 842
E-mail: rasmus.hansson@b2-impact.com
or
André Adolfsen
CFO
Mobile: +47 930 19 150
E-mail: andre.adolfsen@b2-impact.com
About B2 Impact
B2 Impact is one of the leading pan-European debt management companies. B2
Impact offers solutions to the challenges created by defaulted loans, and
provide liquidity to financial institutions, contributing to a healthier
financial system. B2 Impact promote lasting financial improvement through
transparent and ethical debt management. B2 Impact is headquartered in Oslo,
Norway and the B2 Impact share is listed on the Oslo Stock Exchange under the
ticker “B2I”.
For further information, visit www.b2-impact.com
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-05-15 07:00 CEST.
Kilde
