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Lowell Continues Strong Growth in Q2 PDF Print E-mail
Thursday, 10 August 2017
Lowell, a European leader in credit management services, delivered another quarter of strong growth in the Q2 period, 1 April to 30 June 2017, it announced today.  

The Group’s sustainable growth plan continues to be delivered through its consistent data-driven insight, portfolio diversification and consumer-centric focus.

Operationally, these results have been underpinned by Lowell’s continued commitment to people, strong governance, process improvement and extensive data capabilities.

Financial Highlights
28% y-o-y increase in Cash Income to £143m
18% y-o-y increase in Cash EBITDA to £71m
26% y-o-y increase in ERC to £1.9bn
44% of acquisitions over the last 12 months from forward flow agreements
Maintained balance of acquisition mix across a range of sectors
Collections ahead of forecast

Operational Highlights
Full FCA authorisation achieved
First UK business to receive Investors in Customers (IIC) Gold award
Senior management team further strengthened

Colin Storrar, Group Chief Financial Officer, said: “By focusing on our core strategy of combining sophisticated decision science with class-leading customer service, we have again delivered strong quarterly growth across our key metrics.”

“The Group’s work to expand its data capabilities, reinforce operating structures and put clients and consumers first, consistently underpins our operational strategy and provides a good platform for second half.” The Group’s sustainable growth plan continues to be delivered through its consistent data-driven insight, portfolio diversification and consumer-centric focus.

Operationally, these results have been underpinned by Lowell’s continued commitment to people, strong governance, process improvement and extensive data capabilities.

Financial Highlights
28% y-o-y increase in Cash Income to £143m
18% y-o-y increase in Cash EBITDA to £71m
26% y-o-y increase in ERC to £1.9bn
44% of acquisitions over the last 12 months from forward flow agreements
Maintained balance of acquisition mix across a range of sectors
Collections ahead of forecast

Operational Highlights
Full FCA authorisation achieved
First UK business to receive Investors in Customers (IIC) Gold award
Senior management team further strengthened

Colin Storrar, Group Chief Financial Officer, said: “By focusing on our core strategy of combining sophisticated decision science with class-leading customer service, we have again delivered strong quarterly growth across our key metrics.”

“The Group’s work to expand its data capabilities, reinforce operating structures and put clients and consumers first, consistently underpins our operational strategy and provides a good platform for second half.”
 
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