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Sales for 2006/07 up by 13.4 per cent to EUR 231.1 million, EBIT up by 11.9 per cent |
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Cash flow management and information management grow by more than 40 per cent |
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Two new companies broaden service portfolio |
Hamburg, 29 August 2007 – Robust sales growth of 13.4 per cent made the financial year 2006/07 an unexpectedly positive one for the EOS Group.
The internationally active Hamburg-based financial services group increased its sales from EUR 203.8 million to EUR 231.1 million. ‘The crucial factors were growth in Eastern Europe that far exceeded the plan and the sales increase in the US,’ says Hans-Werner Scherer, Chairman of the Board of Directors at EOS Holding.
Earnings before interest and taxes (EBIT) also increased sharply, rising by 11.9 per cent to EUR 51.5 million. The German market remains the most important generator of sales for the EOS Group. The Group posted 67.1 per cent of its earnings in Germany.
The receivables management division is still the main pillar of EOS’s activities around the world, accounting for 61.4 per cent of its earnings. The cash flow management and information management divisions, however, did some substantial catching up with increases of more than 40 per cent over the previous year.
In the last financial year, moreover, the EOS Group in Germany launched two new companies on the market: EOS Immobilienworkout offers to purchase and handle non-performing real estate loans. EOS Payment Solutions, a joint venture with Albis Finance AG, supplements the Group’s portfolio with the electronic payment services segment.
Thanks to the expansion of the Group’s business activities, its workforce increased by 6.6 per cent from 2,903 to 3,096.
Alongside its operating activities, EOS continued with its strategy of optimizing the EOS Group’s capital structure: Its capital ratio increased by 7.5 percentage points to 34.1 per cent. ‘By strengthening our capital ratio, we are securing the financing framework for future growth,’ says Hans-Werner Scherer.
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