press

Maximum trust of the banking system in support of an exceptional growth

Axactor Italy

Cuneo, 10th September 2019 - Axactor Italy, part of the Axactor SE International Group, a leading player in the Italian credits acquisition and collection market with over twenty years of experience in the sector, announces to have recently renewed its credit lines with 7 financial institutions operating in the local and Italian territory.

The renewal has been obtained at the end of a dedicated roadshow, during which the Managers of Axactor Italy presented the ambitious and sustainable growth plans that will see the company playing a leading role in the Italian NPL portfolio purchase market and in the third-party credits management, through innovative and win-win partnership methods.

The event has also represented an opportunity to present the positive results obtained in the first half of 2019, which closed with revenues of around Euro 11.3 million and a growth of over 90% compared to the same period of 2018.

These financial resources are added to those already in place and to those made available by the Axactor Group aimed at supporting the growth of the countries in which it operates - Italy, Finland, Germany, Norway, Sweden and Spain.

Antonio Cataneo, CEO of Axactor Italy commented: "This operation has been done to support the incredible growth of Axactor Italy. The banking system has judged this growth to be of absolute interest, due to the investment returns made to date and the reliability of the recovery estimates, both for the owned NPL portfolios and for the performances relative to the BU of the third-party collection and in relation to new areas of business and expansion currently ongoing".

About Axactor Italy - www.axactor.it
Axactor Italy is an authorized financial intermediary registered in the Register pursuant to art. 106 of Legislative Decree 385/93 n. 31482. It is based in Cuneo and operates in Italy since 2016, after the acquisition of CS UNION S.p.A. Axactor Italy also holds a license pursuant to art. 115 TULPS and is associated to UNIREC. Axactor Italy offers NPL purchasing and management services, third-party credit collection, sale of non-recourse receivables that are difficult to collect and customer care and reconciliation of invoices and payments (ARM).

Info for the Press
CDR Communication - Angelo Brunello angelo.brunello@cdr-communication.it Mara Di Giorgio mara@twin.services

Axactor Italy Contact:s
Filippo Mantovani, Finance Director - M: 3457565336 @: filippo.mantovani@axactor.com Fortunato Pagano, Head of Sales - M: 3288984990 @: fortunato.pagano@axactor.com

About Axactor Group - www.axactor.com
The Axactor Group is specialized both in debt collection on behalf of third parties and in the purchase of NPL portfolios, with operating platforms in Finland, Italy, Germany, Norway, Sweden and Spain, is based in Oslo and is listed on the Norwegian Stock Exchange. The Scandinavian company has an ambitious pan-European growth strategy, targeting the non-performing loans (NPL) market, which has an estimated value of around 1,000 billion Euros across Europe, able to offer significant opportunities for the future expansion of Axactor. Axactor has around 1100 employees in the countries in which it operates.

Info for the Press
CDR Communication - Angelo Brunello angelo.brunello@cdr-communication.it Mara Di Giorgio mara@twin.services

Axactor Italy Contact:s
Filippo Mantovani, Finance Director - M: 3457565336 @: filippo.mantovani@axactor.com Fortunato Pagano, Head of Sales - M: 3288984990 @: fortunato.pagano@axactor.com