Finland capital

PlusPlus Capital publishes its unaudited results for the first 9 months of 2022

EQS-News: PlusPlus Capital Financial S.à.rl / Keyword(s): 9-month figures/Quarterly results
PlusPlus Capital publishes its unaudited results for the first 9 months of 2022
15.11.2022 / 22:50 CET/CEST
The issuer is solely responsible for the content of this announcement.

PlusPlus Capital publishes its unaudited results for the first 9 months of 2022

Invitation to webcast/call for results on November 17, 2022

Tallinn, Estonia, November 15, 2022. PlusPlus Capital (“PPC”), a technology-focused pan-Baltic and Finnish debt management group, has released its unaudited results for the first 9 months of 2022, showing a successful business performance during of the reference period.

In the nine-month period of 2022, PlusPlus Capital achieved an increase in payments received from customers of nearly 21% to €15.9 million. EBITDA cash almost doubled to reach 11.4 million euros. Expected Remaining Collections (ERC) increased by 13.0% to EUR 183.5 million as of September 30, 2022 (December 31, 2021: EUR 162.4 million). Net profit amounted to EUR 1.6 million in 9M ´22 (9M ´21: EUR 4.7 million)*.

Eurobond covenant ratios were in line with terms and conditions.

The full 9M report is available on the company’s website at:
https://pluspluscapital.eu/investor-relations/reports-and-presentations/

* Income statement figures are only comparable to a limited extent following the change in accounting methodology from fair value through profit or loss (FVTPL) to amortized cost (AC) at the start of the current fiscal year.

Call for income:

PlusPlus Capital cordially invites investors and analysts to a earnings webcast/call with the Management Board on 17 November 2022, 11.00 HEC.

CEO Krõõt Kilvet and CFO Rasmus Noormägi will comment on the unaudited results as well as recent developments via a webcast presentation. The webcast/call will be in English.

Please register on time to participate in the webcast/call to:
PlusPlus Capital – Q3 2022 results call.

Contact:

PlusPlus Capital
Peeter Piho, chairman of the supervisory board
Email: [email protected]
Phone: +372 503 0130

Aalto Capital (Investor Relations)

Sven Pauly, consultant
Email: [email protected]
Telephone: +49 89 898 67 77 0

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven debt management company with offices in Tallinn, Riga, Vilnius and Helsinki. The Company acquires delinquent loans and other non-performing exposures from financial institutions and merchants in the non-financial sector. With its core competency in handling claims against individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other parameters.

Since its inception in 2010, PlusPlus has purchased more than 100,000 receivables with a face value of approximately €274 million as of June 30, 2022. The Company offers its customers affordable collection solutions and aims to avoid contentious scenarios . In doing so, PlusPlus seeks win-win solutions that allow sellers to focus on their core business, provide affordable solutions to borrowers and ensure adequate returns for investors.

PlusPlus is a transparent and socially responsible company whose goal is to help people solve problems related to their insufficient creditworthiness. PlusPlus’ ambition is to increase its market share and further strengthen its position as a leading player in its regional market.

pluspluscapital.eu

15.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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