In the last financial year EOS again achieved a high level of revenue in Western Europe. Revenues also rose in the US and Canada. One reason was higher investments in debt purchases.
Revenue growth in North America
In the region of North America, we posted a healthy increase in revenue of a good 10 percent. The reason for this positive development was the intensified debt purchasing in the US. In Canada, revenue and profit exceeded the previous year’s values and were above the targets. Here, we expanded the fiduciary business with existing clients due to very good operating performance. We also entered the debt purchasing market with a few small initial investments.
We are happy about the very good revenue growth in Western Europe.
Western Europe: Satisfying revenues and increased investments
One reason for the strong operating performance is the increased investment in secured receivables and buildings. EOS invested EUR 83.8 million in this segment in the past financial year – a six-fold increase compared with the previous year.
Link to our press release.