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Arrow Global Group PLC - Results for the three months ended 31 March 2015 PDF Print E-mail
Wednesday, 27 May 2015

Arrow Global Group PLC “the Company” and its subsidiaries (together “the Group”), a leading European purchaser and manager of debt portfolios, is pleased to announce it’s results for the three months ended 31 March 2015.

Commenting on today’s results, Tom Drury, chief executive officer of Arrow Global said:

“Q1 was another strong period for Arrow Global, with growth across all our key financial metrics. Portfolio purchases were up 57.2% compared to the same quarter last year at £52.1 million, we remained highly cash generative with core collections increasing by over 50% to £51.1 million and we achieved a 41% increase in Adjusted EBITDA to £32.8 million.

“We also made significant operational progress, reinforcing our market leadership in Portugal, with the formalisation of a strategic partnership with CarVal Investors and the acquisition of Whitestar and Gesphone. In the UK, we continued to rationalise our servicer panel to ensure greater oversight against a backdrop of enhanced regulation, and also to drive synergies from the acquisition of Capquest in Q4 2014.

“Preparations for our FCA landing slot in Q3 this year remain a key focus. Aligned to this, we continue to develop and embed our customer-centric culture both internally and across our core servicer panel.

“We are on track to deliver overall full-year results in line with our expectations, with growth supported by good visibility in our origination pipeline. We have £79.9 million of future investment already contracted, with £28.8 million of this coming in the remainder of 2015.”

(Source - Arrow Global Press Release)  

 

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