B2Impact, the Norwegian Group specializing in credit management and debt purchasing with branches in over 20 countries, has released its third-quarter 2024 results.
Compared to the same period in 2023, total collections fell from NOK 1,497 million (over EUR 127 million) to the current NOK 1,326 million (approximately EUR 118.6 million). Revenues dropped by 2%, standing at NOK 863 million.
Investments in new portfolios increased by 27%. During the quarter, over EUR 38.6 million was invested.
Operating costs were reduced by 7%, and the Estimated Remaining Collection (ERC) is approximately EUR 1.9 billion.
Currently, B2 Impact ASA has a rating of Ba2/BB- (stable outlook) from Moody’s/S&P. The group has also appointed DNB Markets and Nordea as Global Coordinators and SpareBank 1 Markets as Joint Bookrunner to assess the opportunity for a “tap issue” of up to an additional EUR 100 million linked to the outstanding bond with ISIN code NO0013330522.
To download the full Q3 2024 report, click here.
