B2 Holding Q1 2023 Results

The European  debt buyer and servicer  B2 Holding has published the results about the first quarter 2023.

Solid underlying collection performance:
• Unsecured collections at 104.8% and 4.0% up versus Q1 2022 (FX)
• Secured collections of NOK 289m – incl. repossessions of NOK 107m
• REO sales of NOK 75m at a premium to book value of 63%
– Strong Adj. EBIT growth following high over-performance on
unsecured and secured portfolios
– Portfolio investments of NOK 767m and additional NOK 1.1bn
committed for the remainder of 2023
– Increased interest costs driven by FX and higher floating rates
– Leverage ratio of 2.52x (2.29x in constant currency)
– Interest rate hedging ratio of 53

“The suggested dividend in combination with the suggested share buyback program confirms the financial strength of B2Holding.” has commented the Ceo Erik Just Johnsen

To download the Results Presentation Q1 2023 click here


Roberto Sergio

Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.