ao link
Credit Strategy homepage
Intelligence, insight and community
for credit professionals

Dear visitor,
You're reading 1 of your 3 free news articles this quarter

 

Register with us for free to get unlimited news, dedicated newsletters, and access to 5 exclusive Premium articles designed to help you stay in the know.

 

Join the UK's leading credit and lending community in less than 60 seconds.



Register now  or  Login

Arrow Global EBITDA up 16.8 percent in half-year results

Half-year results at debt purchaser Arrow Global reveal that core collections have risen 15.2 percent to and adjusted EBITDA is up 16.8 percent.

Share on LinkedInShare on Twitter

Profit after tax rose by £4.8m to £8.5m in the period to June 30, 2018, while it made portfolio acquisitions of £145.1m, up from £125.1m in the first half of 2017. The company added it is “on track” to deliver £230m to £240m of portfolio purchases.

 

Estimated remaining collections over the next 84 months stands at £1.62bn, 9.9 percent up on the £1.47bn at the same point last year. Over the next 120 months, the figure stands at £1.94bn, 14 percent up on the £1.7bn at the same point in 2017. Non-UK portfolio investments now represent more than 50 percent of estimated remaining collections, the company said.

 

Arrow Global group chief executive Lee Rochford said: “We believe we now have the optimal platform to position us well to generate strong earnings, cash flow and de-leveraging as we realise the full benefit of this footprint and the investments we have made to enhance efficiency.”

Share on LinkedInShare on Twitter
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

Stay up-to-date with the latest articles from the Credit Strategy team

READ NEXT

Via Atal: Unlocking global growth

Via Atal: Unlocking global growth

The Budget - 2p National Insurance cut confirmed by the Chancellor 

The Budget - 2p National Insurance cut confirmed by the Chancellor 

2024 Credit 500 unveiled

2024 Credit 500 unveiled

Credit Strategy

Member of

Get the latest industry news 

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, 1-2 Paris Garden, London, SE1 8ND. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group